ISLAMABAD:
Pakistan and Saudi Arabia have agreed to work towards increasing investment in key sectors, paving the way for sustainable economic growth and prosperity.
The agreement reached between the two countries during a recently concluded visit of the Federal Minister for Commerce, Industries and Production, Investment, Interior and Overseas Pakistanis, Dr Gohar Ejaz to Saudi Arabia, where he held high-level discussions with Saudi authorities.
“The discussions were aimed at strengthening bilateral economic ties between the two nations,” said a news release on Tuesday.
Pakistan eyes $20b in trade with Saudi Arabia
During his visit, Ejaz met with key Saudi officials including Minister of Investment Khaled Al-Falih and Commerce Minister Majid Bin Abdullah Al-Qasabi in Riyadh.
These meetings were aimed to exploring opportunities for collaboration and investment between Pakistan and Saudi Arabia. Accompanied by a delegation of 20 Pakistani industrialists, Ejaz held productive discussions with Saudi ministers on various avenues for enhancing bilateral trade and investment. The discussions emphasised the importance of increasing cooperation in sectors such as oil and gas, construction, food, and agriculture.
Published in The Express Tribune, February 28th, 2024.
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