Commerce Minister Pervaiz Malik says Pakistan's investment friendly policies provide conducive environment to the foreign investors.

Addressing the meeting of Pak-Saudi Joint Ministerial Commission in Islamabad on Wednesday, he invited Saudi Arabia to invest in renewable energy projects and agriculture and livestock sectors.

The Minister emphasized the need for cultural exchanges between the two countries and cooperation in the field of sports.

He said that Pakistan and Saudi Arabia have to explore new avenues of cooperation.

Saudi Commerce Minister laid stress on enhancing volume of bilateral trade.

On this occasion various MoUs were also signed to enhance bilateral cooperation in diverse fields between Pakistan and Saudi Arabia.