Pakistan, S Arabia explore new trade, investment avenues

FinMin says partnership entering strategic phase to deepen economic collaboration

KARACHI:

Pakistani and Saudi Arabian investors held a dialogue on Friday where they focused on strengthening strategic economic cooperation and identifying new avenues for investment and trade.

A high-level delegation of Saudi investors, led by Prince Mansour bin Mohammad Al Saud, met with senior representatives of Pakistan's major multinational and local companies in an interactive session hosted by the Overseas Investors Chamber of Commerce and Industry (OICCI) and the Pakistan Business Council (PBC).

Addressing the gathering online, Finance Minister Muhammad Aurangzeb welcomed the delegation and pointed out that Pakistan's economy had achieved macroeconomic stability and was undergoing structural reforms to ensure long-term sustainability.

He said the partnership between Pakistan and Saudi Arabia was "entering a new phase of strategic cooperation that must now translate into deeper economic collaboration and shared prosperity."

Speaking on the occasion, Prince Saud reaffirmed the kingdom's deep-rooted and strategic relationship with Pakistan, emphasising that it must now be further strengthened through sustained economic engagement and mutually beneficial investments.

Saudi Ambassador Nawaf bin Saeed Al-Malki appreciated Pakistan's reform drive and the active role of its private sector, expressing confidence that the visit would mark a new era in Saudi-Pakistan economic cooperation.

In his remarks, OICCI Secretary General M Abdul Aleem said that OICCI, representing over 200 multinational companies, continues to serve as a trusted bridge between global investors and Pakistan's evolving economic landscape. He added that Saudi Arabia's growing interest demonstrates renewed global confidence in the country's reform momentum and investment potential.