Dr. Hilal Hussain Al-Tuwairqi, Chairman, Al-Tuwairqi Group of Companies of Saudi Arabia, has met Pakistan's Prime Minister Shaukat Aziz. This year, Pakistan expects $3 billion Foreign Direct Investment (FDI), which will be the highest ever in Pakistan's history while the export figure during the year is expected to touch $18 billion, the prime minister said. Aziz welcomed the gesture of Al-Tuwairqi Group of Companies for setting up a state-of-the-art steel complex in Pakistan, which will have one million tons per annum capacity and said this venture speaks volumes for investor friendly policies of the government. He also congratulated the Group for winning bid for 75% shares of Pakistan Steel Mills along with Pakistani and Russian investors. "The success of our multi-faceted reforms and the carefully choreographed policies have been recognized across the world", Aziz said. He said that Pakistan's economic reforms are based on deregulation, liberalization and privatization. "We are promoting transparency and good governance," he said. Tuwairqi Steel Mills Project would contribute towards further developing the strong business and economics relations that already exist between Saudi Arabia and Pakistan, the prime minister said. On his part, Dr Al-Tuwairqi appreciated the investment friendly policies of the Pakistan government.
