ISLAMABAD – Pakistan aims to expand its commercial ties with Saudi Arabia to reach a bilateral trade target of $20 billion, noting that current volume falls short of expectations, as per a federal minister.
During his address at the Pakistan-Saudi Business Forum in Riyadh, Commerce Minister Gohar Ejaz stressed the need for legislative actions to boost investment between the two countries, a ministry statement said.
Read More: Islamabad Launches Vehicle Services Initiative at Trail 3
Ejaz discussed bolstering cooperation especially in areas like infrastructure, digital economy and construction with his Saudi counterpart Dr. Majid bin Abdullah Al-Kassabi at the forum. He also underlined that Gulf states including Saudi Arabia and Pakistan are ratifying a free trade agreement.
Analysts say achieving the ambitious trade target will require addressing long-standing hurdles including easing visa access and improving connectivity. However, the renewed high-level commitment indicates efforts to tap the unrealized potential of economic ties between the longstanding allies.
Winston Mall: please contact +92-314-5166334 or visit https://winstonmall.com/
