Riyadh, Pakistan and Saudi Arabia have reached a consensus to significantly increase the volume of bilateral trade and investments across various sectors, including infrastructure and the digital economy. This agreement aims to deepen economic ties and enhance mutual cooperation between the two countries.

According to Ministry of Information and Broadcasting, the agreement was finalized during discussions between Pakistan’s Caretaker Minister for Commerce, Gohar Ejaz, and his Saudi counterpart, Dr. Majid bin Abdullah Al-Kassabi, in Riyadh. Gohar Ejaz underscored the significance of expanding trade relations with Saudi Arabia and reaffirmed Pakistan’s dedication to executing comprehensive strategies to facilitate this growth.

Dr. Al-Kassabi lauded the efforts to fortify the bilateral trade relationship, emphasizing the fraternal bond between the two nations and asserting Saudi Arabia’s welcoming stance towards Pakistani initiatives. The Ministry of Commerce disclosed that Minister Ejaz is spearheading a business delegation in Saudi Arabia, highlighting the proactive measures being undertaken to realize the goals set forth by both countries.

This development marks a significant step towards enhancing the economic partnership between Pakistan and Saudi Arabia, with expectations of mutual benefits and strengthened ties.