Owing to satisfactory performance in the past, a 50 year old business partnership between Pakistan and Saudi Arabia is about to get extended for the next 50 years.
Moreover, Saudi Arabia has pledged to invest a huge sum of billions of dollars in the South Asian nation.
The extension in the life span of Saudi-Pak Industrial and Agriculture Investment Company will be effective June 5, 2030.
Incorporated on December 2, 1980, Saudi-Pak Industrial and Agriculture Investment Company is a joint investment company in which Saudi Arabia and Pakistan are both equal stakeholders.
The company has been making an investment in various industrial and agro-based industrial projects in Pakistan and has been a profitable enterprise for both governments.
We hope that the decision to extend the partnership will prove to be further beneficial for Pakistan in future.
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