Pakistan eyes $20b in trade with Saudi Arabia

ISLAMABAD: Observing that the current trade volume falls short of expectations, Caretaker Federal Minister for Commerce and Industry, Gohar Ejaz said that Pakistan aims to lift bilateral trade with Saudi Arabia upto $20 billion. Addressing the Pakistan-Saudi Business Forum in Riyadh on Thursday, the minister said that legislation would be enacted to promote bilateral investment between the two countries, according to a press statement issued by the commerce ministry. Ejaz also met with the Saudi Minister of Commerce, Dr Majid bin Abdullah Al-Kassabi. The meeting focused on enhancing investment in sectors such as construction, digital economy, and infrastructure between Pakistan and Saudi Arabia. The Pakistani commerce minister mentioned that a Free Trade Agreement between Pakistan and Gulf countries has been ratified.