AIRLINK 65.20 Decreased By ▼ -0.70 (-1.06%)
BOP 5.57 Decreased By ▼ -0.12 (-2.11%)
CNERGY 4.56 Decreased By ▼ -0.09 (-1.94%)
DFML 24.52 Increased By ▲ 1.67 (7.31%)
DGKC 69.96 Decreased By ▼ -0.74 (-1.05%)
FCCL 20.30 Decreased By ▼ -0.05 (-0.25%)
FFBL 29.11 No Change ▼ 0.00 (0%)
FFL 9.83 Decreased By ▼ -0.10 (-1.01%)
GGL 10.01 Decreased By ▼ -0.07 (-0.69%)
HBL 114.25 Decreased By ▼ -1.00 (-0.87%)
HUBC 129.10 Decreased By ▼ -0.40 (-0.31%)
HUMNL 6.71 Increased By ▲ 0.01 (0.15%)
KEL 4.44 Increased By ▲ 0.06 (1.37%)
KOSM 4.89 Decreased By ▼ -0.13 (-2.59%)
MLCF 37.00 Increased By ▲ 0.04 (0.11%)
OGDC 132.30 Increased By ▲ 1.10 (0.84%)
PAEL 22.54 Increased By ▲ 0.06 (0.27%)
PIAA 25.89 Decreased By ▼ -0.41 (-1.56%)
PIBTL 6.60 Increased By ▲ 0.07 (1.07%)
PPL 112.85 Increased By ▲ 0.73 (0.65%)
PRL 29.41 Increased By ▲ 1.02 (3.59%)
PTC 15.24 Decreased By ▼ -0.87 (-5.4%)
SEARL 57.03 Decreased By ▼ -1.26 (-2.16%)
SNGP 66.45 Increased By ▲ 0.76 (1.16%)
SSGC 10.98 Decreased By ▼ -0.04 (-0.36%)
TELE 8.80 Decreased By ▼ -0.14 (-1.57%)
TPLP 11.70 Increased By ▲ 0.17 (1.47%)
TRG 68.62 Decreased By ▼ -0.62 (-0.9%)
UNITY 23.40 Decreased By ▼ -0.55 (-2.3%)
WTL 1.38 Increased By ▲ 0.03 (2.22%)
BR100 7,295 Decreased By -9.1 (-0.12%)
BR30 23,854 Decreased By -96 (-0.4%)
KSE100 70,290 Decreased By -43.2 (-0.06%)
KSE30 23,171 Increased By 50.4 (0.22%)

ISLAMABAD: Observing that the current trade volume falls short of expectations, Caretaker Federal Minister for Commerce and Industry, Gohar Ejaz said in Riyadh Thursday that Pakistan wanted to lift bilateral trade with Saudi Arabia upto $20 billion.

Addressing the Pakistan-Saudi Business Forum, the minister said that legislation would be enacted to promote bilateral investment between the two brotherly countries, according to press statement issued by Commerce Ministry here.

Dr. Gohar Ijaz, who is heading a delegation of Pakistani industrialists, also met with the Saudi Minister of Commerce, Dr. Majid bin Abdullah Al-Kassabi.

Investment modalities: Consensus reached with KSA

The meeting focused on enhancing investment in sectors such as construction, digital economy, and infrastructure between Pakistan and Saudi Arabia.

The Pakistani delegation included Punjab Minister S.M. Tanveer and notable businessmen; Arif Habib, Muhammad Ali Tabba, and Federation of Pakistan Chambers of Commerce & Industry (FPCCI) President Atif Ikram.

Ejaz mentioned that a Free Trade Agreement (FTA) between Pakistan and Gulf countries had been ratified.

Speaking at the forum, Chairman of the Saudi Business Forum Hassan Al Hazawi stated that bilateral trade between the two countries has increased by 35 percent. The Saudi Minister of Commerce commended efforts to strengthen bilateral trade relations and praised Gohar Ijaz for his personal interest in enhancing trade relations. He emphasized that Pakistanis were our brothers, and Saudi Arabia offered extensive employment opportunities for Pakistanis.

Comments

Comments are closed.

Sumroo Feb 23, 2024 08:05am
Govt hints at lifting trade with Saudi Arabia up to $20bn What planet these dudes reside on?
thumb_up Recommended (0)