The Pakistani government anticipates productive business-to-business meetings resulting in investment agreements, with local industry leaders sharing proposals with their Saudi counterparts. The two-day Pakistan-Saudi investment forum commences today, reflecting Islamabad’s intention to host a trade exhibition in the Gulf kingdom.
A significant Saudi delegation, led by Deputy Investment Minister Ibrahim Almubarak, has arrived in Islamabad for a three-day visit aimed at exploring investment opportunities. This visit aligns with Pakistan’s efforts to attract foreign investment and boost exports through collaborations with Saudi companies.
Commerce Minister Jam Kamal and Petroleum Minister Musadik Malik welcomed the delegation at Nur Khan airbase, signaling Pakistan’s commitment to strengthening economic ties with Saudi investors. The purpose of the visit is to deepen trade relations, identify investment prospects, and facilitate collaborations across various sectors of the economy.
The Ministry of Commerce has selected leading Pakistani companies for B2B meetings with Saudi investors, aiming for partnerships with at least 30 Saudi counterparts. During these sessions, local companies will present their business and investment proposals.
Target sectors for discussions include agriculture, mining, human resources, energy, chemicals, and maritime, along with potential investments in IT, religious tourism, telecom, aviation, construction, water, and power generation.
The minister is optimistic about finalizing business and investment agreements during these meetings, fostering greater economic cooperation between the two countries. The recent meeting between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman has also paved the way for a planned $5 billion Saudi investment package in Pakistan.
A two-day Pakistan-Saudi investment conference starting today aims to boost bilateral trade and investment, ushering in a new era of growth and prosperity. This initiative reflects Saudi Arabia’s ongoing economic transformation under Vision 2030, shifting from oil dependence to diversified income sources and enhanced competitiveness.
