KSA, Pak Seek Strong Bilateral Ties

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Pakistan Government aims to boost its trade ties with Saudi Arabia to reach a target of USD 20 billion, citing the current trade volume as below expectations, according to a news source on February 23.

Read: KSA eyes stakes in Reko Diq gold, copper mine; valuation underway

Speaking at the Pakistan-Saudi Business Forum in Riyadh, Commerce, and Industry Federal Minister Gohar Ejaz emphasised the need for legislative measures to encourage bilateral investment between the two nations, as per a statement from the commerce ministry.

Read: PM Shehbaz to attend ‘Davos in the desert’ in KSA to attract investment

During the forum, Ejaz held discussions with Saudi Commerce Minister Dr Majid bin Abdullah Al-Kassabi, focusing on increasing investment, particularly in sectors like construction, digital economy, and infrastructure. Ejaz also highlighted the ratification of a Free Trade Agreement between Pakistan and Gulf countries.



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