Published On: Thu, May 2nd, 2019
Published in Category: Lahore

Saudi companies keen to import handmade carpets, apparel products from Pakistan

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LAHORE: The Saudi investors and businessmen have shown their keen interest of importing traditional and world class handmade carpets, apparel and chemical products from Pakistan, underlining the need for further enhancing collaboration with the Pakistan industry to promote business between both the Islamic countries.

A delegation of Saudi companies, led by Saud Abdullah during a meeting with Friends of Economic and Business Reforms (FEBR) President Kashif Anwar, discussed investment and trade partnership in details with Pakistani companies.

The head of the delegation observed that Pakistan traditional handmade carpets and value-added textile industry offer a huge potential for exports, as a large segment of its industry is well-organized and has achieved international efficiency levels.

He said Saudi Arabia has shown a keen interest in CPEC, besides carpets and textile sectors in accordance with their Vision 2030, which aims to diversify the Saudi economy with energy mega projects to reduce oil dependency.

Saud Abdullah said their interaction was aimed to attract public and private investments in Pakistan from the Kingdom and vice versa.

The delegation said that the objective of their visit is to study Pakistan’s market for partnerships and investment and to strengthen the bilateral trade relations with Pakistan. Their prime interest was the handmade rugs in which they are interested to develop JVs.

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