Islamabad, April 17, 2014 (PPI-OT): Based on the Agreement of Economic, Trade and Technical Cooperation between Pakistan and Saudi Arabia signed in 1974, the meetings of the 10th Session of the Pakistani – Saudi Joint Commission were held in Riyadh. The Pakistani side was headed by Eng. Khurram Dastgir Khan, Minister for Trade; the Saudi side headed by H.E. Dr. Tawfiq Bin Fawzan Al-Rabiah, Minister for Commerce and Industry.
The heads of both missions highlighted the issues which included the promotion of trade, enhancement of cooperation among different government and private sectors in both countries, finalization of draft agreements and MoU’s previously discussed between the two sides as well as Customs, Scientific, Educational, Cultural and media cooperation.
Both sides agreed upon organizing mutual fairs, business and industrial exhibitions, in both countries, to exhibit each country’s products in the other. All concerned sectors are expected to participate. Exchanging information between the concerned authorities of the two countries in combating all types of commercial fraud and cooperation in the field of private laboratories for consumer goods.
Activating the Saudi-Pakistani Business Council to contribute to the development of trade, economic and investment relations between both countries. Proceeding with cooperation between chambers of commerce of both countries and organizing joint events to introduce the service of the Saudi Exports Financing Program of the Saudi Fund for Development in a way that achieve the aspired development of trade between both countries.
Both sides confirmed the necessity of facilitating the procedures of business visa issuance in both countries and addressing all obstacles and restrictions imposed so far. Enhancing the Financial capability of the Saudi-Pakistani Investment Company by raising its capital fund. Both sides agreed that the meeting of the board of the company be called as soon as possible to finalize these issues.
Pakistan side requested to evolve a mechanism for early solution to the problems being faced by the Pakistani workers like delays in hearing and disposal of labour cases in the courts, deportation, and release of prisoners who have completed their imprisonment / sentences as well as transportation of dead bodies of Pakistani workers to Pakistan.
Pakistani side requested that Saudi side may convey specific requirements for import of skilled manpower from Pakistan. The Pakistani side further requested for enhancement of quota for Pakistani workers in the on-going projects in the Kingdom.
Pakistani side offered to establish Centers in Pakistan sponsored by Saudi Arabia so that Pakistani manpower could be trained according to the Saudi requirements. Saudi side agreed to favourably consider the request and to communicate its requirement for skilled manpower through usual diplomatic channel.
The Joint Commission commended the efforts made by the Saudi Fund for Development (SFD) to finance a number of development projects in Pakistan and stressed the importance of the agreement signed with the SFD in the fields of Hydropower, urea, petrochemicals, plastics, and the agricultural sector.
The Joint Commission called upon the concerned authorities in both countries to discuss investment opportunities in the field of renewable energy generation, including the solar energy and production of photovoltaic cells with high efficiency.
Benefiting from the Pakistan medical staff eligible to work in the Kingdom, particularly in rare specialties. The Pakistani side welcomed the decision of the Kingdom of lifting the ban on import of live animals, hatching eggs and chicks from Pakistan. Planning short-term courses for Saudi veterinarians and veterinary assistants in domains related to clinics quarries, and veterinary laboratories in Pakistan.
The Pakistani side expressed its desire for the Saudi companies specialized in the field of oil to explore for oil in Pakistan in collaboration with the OGDCL Ltd The Saudi side manifested that this requested will be circulated to the concerned companies and the Pakistani side will be informed with any developments. Enhancing the mutual cooperation and information exchange in the field of combating narcotics and forfeiture.
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