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Saudi business delegation visits Pakistan to strengthen economic, investment partnership

ISLAMABAD:  A prominent business delegation from Saudi Arabia has arrived in Pakistan for an official visit focused on deepening bilateral trade and investment relations, the Foreign Office announced.

Led by Prince Mansour bin Mohammad Al Saud, Chairman of the Saudi-Pakistan Joint Business Council, the delegation aims to engage with top Pakistani officials and key business organizations. The purpose of these meetings is to identify new opportunities for collaboration and to promote economic growth between the two nations.

During their stay, Prince Mansour and his team will meet with government leaders, chambers of commerce, and influential business stakeholders to discuss ways to facilitate trade and attract investment. The discussions are expected to emphasize sectors aligned with Saudi Vision 2030 and Pakistan’s development priorities, fostering economic synergy.

This visit highlights the enduring and close relationship between Pakistan and Saudi Arabia, underscoring their mutual commitment to expanding economic ties under the framework of the Saudi-Pakistan Joint Business Council. Both sides aim to explore avenues for cooperation in various fields, including trade facilitation, infrastructure, and energy.

The visit follows the recent signing of a “Strategic Mutual Defence Agreement” between the two countries on September 17, signaling a significant step in their strategic partnership. During Prime Minister Shehbaz Sharif’s official visit to Riyadh, Crown Prince Mohammed bin Salman and Prime Minister Sharif formalized this security pact, which stipulates that any attack on one nation will be considered an act of aggression against