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Pakistan Aims to Boost Bilateral Trade With Saudi Arabia to $20 Billion

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.

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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.

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