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Prime Minister Syed Yusuf Raza Gilani said the government would extend all cooperation to the Saudi Arabian investors to encourage their investment in banking sector. The Prime Minister was talking to Prince Amr Mohamed Al-Faisal Al-Saud, Chairman of Ithmaar BSC and Faysal Banks of Saudi Arabia, who called on him at the Prime Minister House here Friday afternoon. He was accompanied by Khalid Abdullah Jamani, Executive Vice Chairman and Naveed A. Khan, President and CEO of Faysal Bank. Welcoming the visiting delegation, the Prime Minister said the government has provided an investor-friendly atmosphere in the banking sector to foreign investors and is extending all out cooperation. The Prime Minister said greater cooperation in banking business between Saudi Arabia and Pakistan would help adopt better risk management techniques in the sector. He said Faysal Bank’s operation in Pakistan was playing an important role in the country’s economy by consumer financing and industrial development. He said the bank’s assets base of over Rs180 billion with a shareholder equity of Rs.12 billion was a remarkable contribution in the banking sector of Pakistan. The Prime Minister invited the Faysal Bank’s further investment in Pakistan’s banking sector and assured government’s continued support and cooperation in this regard. The Premier thanked the Prince and said that it was the blessing of Almighty Allah that the unity and harmony displayed by the political parties after the 2008 elections is still heading peacefully.
By: Geo News

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