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The ministry is working with Saudi officials to meet the demand for the restoration of Vision 2030
KARACHI: Pakistan is hoping to benefit from Saudi Arabia’s Vision 2030 initiative, a senior Pakistani official told Arab News on Tuesday. This costly economic reform program, which is expected to create millions of jobs in the kingdom based on its job skills.
Syed Zulfiqar Abbas Bukhari, Special Adviser to the Prime Minister for Overseas Pakistanis, said: The number needs to be obtained, he told Arab News.
The Vision 2030 program was launched by the UK to diversify the economy and reduce dependence on oil by turning the country into a global industrial hub.
Saudi officials are investing 20 320 billion to develop Britain’s non-oil sector, including a string of mega-projects and a “smart city” that will offer residents more innovation in their own fields. Do
Bukhari said his ministry would liaise with Pakistan’s National Vocational and Technical Training Commission and relevant Saudi organizations on “mutual expertise recognition” to meet future demands.
He added that the ministry was working with Saudi nationals to develop a standard wage agreement for Pakistani citizens.
Saudi Arabia has more than 2 million Pakistani migrants and is the largest source of remittances for the South Asian country.
Pakistani migrants living in the country sent home ڈالر 5.7 billion between July and March 2021, maintaining the country’s balance of payments and ensuring stable foreign stability.
In an interview with Pakistan’s official news channel on Sunday, Saudi Foreign Minister Prince Faisal bin Farhan praised the role of Pakistani migrants in the development and progress of his country.
“We have a very ambitious plan, Vision 2030,” he said. “Under this plan, we expect to significantly increase the employment base in the state. Of course, this means that for Pakistani citizens.” Additional job opportunities will be available.
The Saudi Foreign Minister invited the Pakistani business community to take advantage of the emerging investment opportunities in the kingdom.
“We also hope that Pakistanis will continue to increase their investment in the business community as there are some successful business people who think I will have the best and most exciting opportunities,” he said.
Prince Faisal also highlighted labor reforms to provide flexible employment opportunities to foreign workers.
“We have recently made significant labor reforms that have improved the resilience of third-country workers in the Saudi labor market. They are now free to move their work from one employer to another.
Pakistani experts say the country needs to train its workforce to meet market needs in other countries.
“Apart from the construction sector, foreign countries are now demanding knowledge-based wages,” Haroon Sharif, a member of the prime minister’s task force on economic diplomacy, told Arab News.
“It is important that we provide new and specialized training to our workforce in the face of changing demand in international markets, and that our universities can play a key role in this,” he said.
“We can achieve the desired goal by including the countries for which we are training our labor force.”