Saudi Gazette report

ISLAMABAD — The 2024 Saudi-Pakistani Business Forum took place on Thursday in Islamabad, attended by Minister of Investment Eng. Khalid Al-Falih, Pakistani Deputy Prime Minister and Minister of Foreign Affairs Ishaq Dar, and numerous entrepreneurs and investors from both nations.

Several memoranda of cooperation were signed on the sidelines of the forum between businessmen from Saudi Arabia and Pakistan, covering diverse sectors such as energy, agriculture, food, mining, information technology, and other vital areas.

In his speech at the forum, Al-Falih emphasized the Kingdom's significant focus on its relationship with Pakistan, highlighting that the Republic of Pakistan has the potential to become a high-return, low-risk investment destination and serves as a major investment hub for Saudi investors.

He commended the economic initiatives of the Pakistani government, particularly the establishment of the "Special Council for Investment Facilitation," which serves as an essential platform to streamline investment processes.

The minister noted that the volume of trade between the two countries reached $5.4 billion.

Ishaq Dar, for his part, reaffirmed Pakistan's commitment to enhancing economic and investment cooperation with the Kingdom.

He expressed gratitude to the Saudi leadership for its steadfast and continuous support for Pakistan, especially during recent economic challenges.