Pakistan and Saudi Arabia Agree to Expand Trade, Investment and Economic Cooperation

Islamabad, October 31, 2026: Federal Minister for Commerce Jam Kamal Khan met with Saudi Arabia’s newly appointed Ambassador to Pakistan, Dr Rajeh Al-Buqami, to discuss ways to enhance bilateral trade, investment and economic cooperation between the two countries.

During the meeting, both sides agreed to further expand the trade and economic partnership between Pakistan and Saudi Arabia.

Federal Minister Jam Kamal Khan said Saudi Arabia’s Vision 2030 offered extensive opportunities for trade and investment with Pakistan. He noted that Pakistan’s industrial and production capabilities could help meet the requirements of the Saudi market.

The two sides discussed industrial cooperation, the use of modern technology and improving product quality. The federal minister said facilitating greater access for Pakistani products to the Saudi market remained a key priority.

He emphasised that strengthening private-sector partnerships with Saudi Arabia was essential to increasing Pakistan’s exports.

The meeting also explored opportunities to enhance cooperation in agriculture and promote regional connectivity. The Saudi ambassador expressed interest in further strengthening agricultural cooperation and regional trade links with Pakistan.

Both sides also discussed the early signing and implementation of a Free Trade Agreement (FTA) between Pakistan and the Gulf Cooperation Council (GCC).

Jam Kamal Khan said the FTA between Pakistan and the GCC would serve as an important means of expanding trade and providing access to new markets.

The federal minister said Pakistan aimed to transform its historic and brotherly relations with Saudi Arabia into a stronger economic partnership. He added that consistent efforts had been made over the past three years to strengthen government-to-government, business-to-business and people-to-people ties between the two countries.

The Saudi ambassador assured Pakistan of his full cooperation in further strengthening bilateral economic relations.

Both sides agreed to maintain close coordination to explore new opportunities for trade and investment. The Saudi ambassador also expressed his commitment to maintaining regular engagement with the Ministry of Commerce and continuing joint efforts to promote economic cooperation.

The meeting concluded with an agreement to maintain regular contact and review progress in expanding cooperation in trade, investment and agriculture.