Saudi-Pakistan mutual investment fund aimed: Saudi Gazette

By Shahid Ali Khan Saudi Gazette

RIYADH – Participants at the one-day Saudi-Pak Investment Conference here Monday sought setting up of a Saudi-Pak mutual investment fund and launching of a cargo airline exclusively for two countries.
The proposals came up during the question and answer session held after Naveed Qamar, the visiting Pakistani Minister of Privatization and Investment, and Abdulrahman Al-Jeraisy, President of the Riyadh Chamber of Commerce and Industry (RCCI), jointly opened the conference. A similar event will also be organized at Jeddah Chamber of Commerce and Industry (JCCI) on Tuesday.
Qamar is leading a 150-member strong businessmen delegation to participate in the Saudi-Pak Investment Conference, considered to be first such event in the history of two countries.
The conference participants said the volume of export from Pakistan to Saudi Arabia was affected due to high freight charges levied by passenger airlines. A mutual investment fund and introducing a cargo airline service would go a long way and remove major impediments in trade between the two countries.
Dr. Amr Al-Dabbagh, Governor of Saudi Arabian General Investment Authority (SAGIA), and a number of prominent Saudi businessmen and investors and Pakistani Ambassador Shahid Kareemullah attended the conference.
Qamar called on Saudis to invest in his country, which he said was at the crossroads of financial uncertainty.

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