With the growing interest of Saudi investors in Pakistan’s industry in multiple sectors, it is an opportunity for the industrialist to cater their interest with the best products of our country.
To further strengthen the existing bilateral trade relations with their Pakistani counterparts with new prospects of mutual investment in the field of the furniture industry, a delegation Saudi investors and businessmen will visit Pakistan this month is the need of time.
Chief Executive Mian Kashif Ashfaq, Pakistan Furniture Council (PFC), stated in a board of directors’ meeting that this tour is an extension of the projects planned on the official visit of Saudi Crown Prince Muhammad bin Salman in Pakistan.
He told it was determined in rules that a structure would be outlined to improve mutual cooperation and counterfeit joint ventures and it is a move towards this direction.
Taking it as a good opportunity for the PFC to negotiate with Saudi investors and win the utmost space and facilitation for Pakistan’s handmade furniture. This could lead to an increase in two-way trade volume between Pakistan and Saudi Arabia up to $10 billion from the current $3.6 billion.
Saudi Arabia is taking more interest in the China Pakistan Economic Corridor also which aims to broaden horizons of the economy through the installation of mega energy projects and reduction in oil dependency.
Prime Minister Imran Khan has played an active role in the revival of the economy by inviting foreign investors and buyers to invest and give a boost to the volume of exports.
Pakistan and Saudi Arabia have always shared a special bond and both the countries are connected to each other through religious, cultural and economic linkages.
Keeping an eye on the most prominent factor that Pakistan is a land of opportunity for the Saudi business community and Saudi furniture makers to invest and benefit in the furniture, construction and agriculture sectors.