Pakistan Aims to Increase Trade with Saudi Arabia by $20 Billion

Islamabad: Pakistan Aims to Boost Trade with Saudi Arabia

Pakistan is making a concerted effort to boost its trade relations with the Kingdom of Saudi Arabia (KSA) in order to reach the target of USD 20 billion. Currently, the trade volume falls short of expectations, so steps are being taken to enhance it.

At the recent Pakistan-Saudi Business Forum held in Riyadh, the Commerce Minister revealed plans to introduce new legislation aimed at strengthening bilateral investment between the two nations.

Commerce Minister Ejaz spearheaded discussions with Dr. Majid bin Abdullah Al-Kassabi, his counterpart from Saudi Arabia. Their talks centered around strategies to enhance investments across various sectors, with a particular focus on the digital economy, construction, and infrastructure. Notably, the Pakistani commerce minister also highlighted Pakistan’s ratification of a Free Trade Agreement with Gulf countries, underscoring the nation’s commitment to fostering trade partnerships in the region.

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