Saudi prince visit to benefit economy

ISLAMABAD: SAARC Chamber of Commerce and Industry (SCCI) on Friday said Saudi Crown Prince Muhammad bin Salman’s visit to Pakistan was a milestone that would open new vistas of opportunities, especially in the economic field.

SAARC CCI Senior Vice President Iftikhar Ali Malik, in a statement, said the Saudi crown prince’s economic reforms inside Saudi Arabia have brought positive impacts.

He said it would be in good interests of Pakistan if Saudi Arabia agreed to supply oil at concessionary rates, which would mitigate pressure on the import bill to a large extent. During the last fiscal year, 2017-18, the country’s imports of petroleum stood at $13.27 billion.