A Saudi delegation with many investors arrived in Islamabad to explore investment opportunities. Pakistan seeks foreign investors, particularly from Saudi Arabia, to boost exports through collaborations with Saudi companies.
Led by Saudi Deputy Investment Minister Ibrahim Almubarak, the delegation received a warm welcome at Nur Khan airbase from Commerce Minister Jam Kamal and Petroleum Minister Musadik Malik.
The commerce minister stated that the main goal is to strengthen trade relations and identify potential opportunities across various sectors.
Several Pakistani companies are selected for B2B meetings with Saudi counterparts to foster collaboration.
B2B meetings will focus on key sectors like agriculture, mining, and energy, and discussions will cover IT, tourism, construction, and more.
The minister is optimistic about finalizing agreements during these sessions, fostering economic collaboration.
Recent developments include Prime Minister Shehbaz Sharif’s meeting with Saudi Crown Prince Mohammed bin Salman.
The information minister highlighted the significance of these meetings. To promote bilateral trade, a two-day Pakistan-Saudi Arabia investment conference starts today. Saudi Arabia is transforming its economy under Vision 2030.
Bilateral trade between Pakistan and Saudi Arabia surpassed $248 million. Pakistan’s primary exports to Saudi Arabia include rice, meat, fruits, and camping equipment.
