Following the recent defense agreement between Pakistan and Saudi Arabia, a high-level Saudi delegation is currently on an official visit to Pakistan. This visit is being seen as the beginning of a new era of economic cooperation and investment between the two brotherly nations. It aligns perfectly with both Saudi Vision 2030 and Pakistan’s economic stability and development agenda.
The delegation is led by Prince Mansour bin Mohammed Al Saud, Chairman of the Saudi-Pakistan Joint Business Council. During their stay, the delegation held key meetings in Islamabad, Lahore, and Karachi. Prime Minister Shehbaz Sharif welcomed the delegation, emphasizing that after strengthening defense relations, both countries should now focus on enhancing trade and investment cooperation.
In Karachi, the Saudi delegation met with the Chief Minister of Sindh and cabinet members, signing Memorandums of Understanding (MoUs) related to energy and sports development. In Lahore, during a meeting with the Chief Minister of Punjab, Maryam Nawaz, the Saudi delegation offered investment in 40 projects across agriculture, IT, mining, tourism, and infrastructure sectors.
According to Pakistan’s Ministry of Commerce, the delegation includes prominent investors from minerals, energy, agriculture, livestock, tourism, and oil & gas sectors. The team held meetings under the framework of the Special Investment Facilitation Council (SIFC) with federal ministers, government bodies, and private-sector representatives. These sessions included detailed briefings on current and potential investment opportunities in Pakistan.
A high-level meeting also took place between the Prime Minister, federal ministers, and SIFC officials, where both sides agreed to enhance cooperation under Saudi Vision 2030 in areas such as infrastructure, energy, digital economy, and environmental sustainability.
During the visit, an 18-member joint committee was also formed to lead future economic negotiations between the two nations.
The Future of Pakistan-Saudi Cooperation
Cooperation between Pakistan and Saudi Arabia is expected to expand across defense, industry, technology, agriculture, food security, health, and energy sectors. This will not only increase Saudi investment in Pakistan but also lead to the establishment of new industrial zones, technology parks, and employment opportunities.
Furthermore, it will open the Saudi market for Pakistani exports, especially in textiles, food, and engineering products, while also paving the way for joint research projects and technological advancements.
Expected Investments
According to sources, Saudi Crown Prince Mohammed bin Salman is likely to announce a $5 billion investment during his expected visit to Pakistan. Additionally, steps are being taken to implement previously signed investment agreements from last year.
This visit is being hailed as a turning point for Pakistan’s economic stability, investment growth, and the beginning of a new chapter in Pakistan-Saudi relations.
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