Pakistan and Saudi Arabia agree to further strengthen economic and business ties

October 12, 2021: Pakistan and Saudi Arabia Monday discussed matters pertaining to mutual interest and agreed to further strengthen economic and business ties between the two brotherly countries.

The agreement was reached during a call on the meeting of Ambassador of Saudi Arabia, H.E. Mr Nawaf Bin Said Al-Malki with the Federal Minister for Finance and Revenue, Shaukat Tarin.

While extending a warm welcome, Finance Minister Mr Shaukat Tarin highlighted that Saudi Arabia has always supported Pakistan and the bilateral ties are rooted in centuries-old religious, cultural and commercial links between the people of both countries. Moreover, a large number of Pakistani expatriates are working in different fields and are a great asset for the country. The overseas Pakistanis play a pivotal role in our economy through remittances, he added.

The Finance Minister further apprised the H.E. Ambassador about the potential for increased collaboration between the two countries in the areas of agriculture and food security.

The Saudi Ambassador stated that Saudi Arabia is opening up to foreign investments and stressed the need for an increase in mutual investments in different fields.

Press Release