Pakistan and Saudi Arabia have agreed to boost cooperation in trade and investment during a high-level meeting of the Saudi-Pakistan Joint Business Council in Islamabad. The discussions highlighted both countries’ commitment to expanding economic partnerships.
The Saudi delegation, led by Prince Mansour bin Mohammad al-Saud, met federal ministers, government representatives, and senior private sector officials from Pakistan. Officials provided detailed briefings on investment opportunities across various sectors.
Representatives from the Special Investment Facilitation Council (SIFC) and the Ministry of Commerce showcased priority projects to the visiting Saudi delegation. They also met with leading Pakistani companies to discuss strategic investments and collaborative ventures.
The meeting also explored opportunities to enhance trade in key sectors such as agriculture, pharmaceuticals, and manufacturing. Both sides agreed to streamline regulations, improve logistics, and encourage joint ventures to maximize economic benefits for businesses and investors in both countries.
The Saudi business delegation is on a five-day visit to explore new economic opportunities and strengthen bilateral partnerships. The initiative supports Saudi Vision 2030 and promotes sustainable investment growth in Pakistan.
Officials emphasized that closer trade and investment ties will create jobs, diversify economies, and strengthen regional cooperation. Both sides committed to establishing frameworks that facilitate smoother business transactions and mutual growth.
Analysts said the initiative could significantly improve Pakistan’s investment climate and reinforce Saudi Arabia’s position as a key partner in regional economic development. The collaboration is expected to attract foreign capital, support infrastructure projects, and expand trade flows.
Both countries also explored joint ventures in renewable energy, technology, and logistics. Supporting startups and small-to-medium enterprises will enhance economic resilience and competitiveness.
Officials highlighted the importance of people-to-people engagement and knowledge exchange programs. These initiatives aim to foster business collaboration and cultural understanding.
This visit reflects Pakistan and Saudi Arabia’s shared goal of building stronger economic ties. By leveraging both public and private sector engagement, they aim to achieve long-term prosperity and sustainable investment partnerships.
