ISLAMABAD: Caretaker Commerce Minister Dr. Gohar Ejaz said on Thursday that Pakistan and 海角直播 can increase bilateral trade to $20 billion, inviting Saudi investors to invest in the country鈥檚 mines, minerals, and agricultural commodities.聽
Ejaz is in 海角直播 with a prominent Pakistani business delegation to promote bilateral trade and investment between the two countries. On Thursday, he met the chairman of the Federation of Saudi Chambers, Hassan Al-Huwaizi and chairman of the Saudi-Pakistani Business Council, Fahd bin Mohammed Al-Bash, Pakistan鈥檚 commerce ministry said.
鈥満＝侵辈 can increase trade with Pakistan to $10 billion,鈥 Pakistan鈥檚 commerce ministry quoted Ejaz as saying. 鈥淧akistan can increase trade volume with 海角直播 to 10 billion dollars.鈥
He said Saudi investors could avail 鈥渧ast opportunities鈥 for investment in Pakistan.聽
鈥淪audi investors can invest in mines, minerals and agricultural commodities in Pakistan,鈥 Ejaz was quoted as saying by the ministry.聽
Speaking separately at the Saudi-Pakistani Business Forum event in Riyadh earlier on Thursday, Ejaz highlighted the role of the Free Trade Agreement between the Gulf Cooperation Council countries and his nation in increasing opportunities for investors from both regions.聽
He reiterated his desire to increase the trade volume between Pakistan and 海角直播 to $20 billion by improving the business environment between the two countries and encouraging the private sector.聽
Pakistan enjoys strong economic and trade relations with 海角直播. The kingdom is home to over 2.5 million Pakistani expatriates, serving as the top source of remittances for the cash-strapped South Asian country.
海角直播 has also frequently bailed Pakistan out of its economic crisis over the years, serving as an important strategic partner for the South Asian country.聽
Last year a delegation of 15 top Pakistani IT companies led by IT Minister Dr. Umar Saif visited 海角直播 and signed deals to accelerate digital transformation, foster innovation and advance digital infrastructure.聽
The agreements will also boost the ecosystems for small and medium-sized enterprises and startups and encourage the transfer of businesses and the exchange of information on accelerators and incubators.
