Finance Minister Asad Umar has said the visit of Saudi Crown Prince Muhammad bin Salman is a historic visit which will lay the foundation of taking the economic relations between the two countries to the next higher level. 

Talking to PTV, he said it is heartening that a Saudi energy company is taking interest to make investment in Pakistan in the energy sector. He said economy cannot run without energy.

The Finance Minister said the visit of the Saudi Crown Prince will take the bilateral relations to the new heights.

Govt plans to increase renewable energy from four to thirty percent of overall energy production: Minister for Power Division

Minister for Power Division Omar Ayub Khan has said government plans that renewable energy will be increased from four to thirty percent of the overall energy production.  

Talking to media in Islamabad today (Sunday), he said affordable electricity will be helpful to increase the export of the country.

The Minister said government is also planning to use indigenous resources for energy which will reduce the import of oil and gas.

Visit of Saudi Crown Prince to enhance existing trade ties between the two countries: Advisor to Prime Minister on Commerce

Advisor to Prime Minister on Commerce Abdul Razak Dawood has expressed hope that the visit of Saudi Crown Prince Mohammad Bin Salman will help to enhance the current existing trade ties between the two countries.

In an interview, he said the meeting of Pak-Saudi Coordination Council will be held in Islamabad on Sunday, a number of issues pertaining to agriculture and energy will be discussed on the occasion.

The Advisor said an Oil Refinery will be set up in Gwadar, which will usher a new era of progress in the area. He said Saudi Arabia is also ready to upgrade transmission lines in Pakistan.

The Advisor said Saudi Arabia has also shown interest in investment in alternative energy projects.

The Advisor said China, Japan, Malaysia and Turkey have also shown investment in Pakistan as the new government has introduced several steps for conducive business atmosphere in  Pakistan.

Signing of MoUs with Saudi Arabia will open new vistas of investment in country: Chairman Board of Investment

Chairman Board of Investment Haroon Sharif has said that signing of MoUs with Saudi Arabia will open new vistas of investment in the country.

Talking to media in Islamabad on Sunday, he said Saudi Arabia is a big economic player and we are going to conduct an investor's forum with Saudi Arabia in future to hold business to business meetings between the two countries.

He said the economic agenda of Pakistan is absolutely clear.