Pakistan, Saudi Arabia discuss bilateral trade ties

Pakistan-Saudi Arabia

ISLAMABAD: An important meeting between the government’s top brass and a high-level Saudi delegation is under way in Islamabad.
Advisor to the Prime Minister on Commerce, Textile, Industry and Investment Abdul Razaq Dawood met the foreign delegation earlier today.
During the meeting, held at a private hotel, matters pertaining to strengthening the bilateral trade ties were discussed. The issue to increase job quota for Pakistanis in the Kingdom was also raised by Dawood.
The foreign delegation is holding talks with the Federal Minister for Power Omar Ayub Khan. Finance Minister Asad Umar and Petroleum Minister Ghulam Sarwar Khan are also expected to meet the foreign dignitaries later today.
According to reports, the Saudi delegation will be briefed on imports and exports. The representatives of both sides will discuss the possibility of increasing Pakistan’s exports.
Further, the Saudi guests will also be extended an invitation to invest in the China-Pakistan Economic Corridor (CPEC) project. The delegation is also expected to invest in liquefied natural gas (LNG)-based power projects.
During its six-day visit to Pakistan, the delegation is expected to sign five important Memorandums of Understanding (MoUs).
Pakistan and Saudi Arabia earlier signed “three grant agreements” to bring major investment in the country after the former invited the country to become the third partner in the CPEC plan.


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