KEY POINTS
- SPJBC Chairman is leading a high-level Saudi business delegation.
- The visit aims to expand Pakistan and Saudi Arabia’s trade and investment cooperation.
- The delegation will meet top Pakistani officials, SIFC, FPCCI, and business leaders.
- Discussions will focus on energy, renewables, agriculture, infrastructure, technology, and mining.
ISLAMABAD: Prince Mansour bin Mohammad Al Saud, Chairman of the Saudi-Pakistan Joint Business Council (SPJBC), arrived in Islamabad on Monday, leading a high-level Saudi business delegation for an official visit aimed at expanding bilateral trade and investment cooperation between the two brotherly nations.
During the visit, the Chairman and the accompanying delegation will hold meetings with the Prime Minister, Finance Minister, and other members of the economic team, as well as engage with senior government officials, the Special Investment Facilitation Council (SIFC), chambers of commerce, and leading business groups.
The discussions will explore opportunities for enhanced partnership across priority sectors, trade facilitation, and investment collaboration aligned with Saudi Vision 2030 and Pakistan’s economic growth agenda.
The visit underscores the deep-rooted, fraternal relations between Pakistan and the Kingdom of Saudi Arabia, reflecting their shared commitment to transforming traditional cooperation into diversified economic, trade, and investment linkages.
Saudi Arabia remains one of Pakistan’s largest trading partners, a key supplier of petroleum products, and home to over two million Pakistani expatriates who contribute significantly through remittances.
At the institutional level, the Saudi-Pakistan Joint Business Council, co-chaired by representatives from both sides, serves as a formal platform connecting public and private stakeholders.
The Council facilitates regular dialogue between Saudi and Pakistani business communities, identifies joint venture prospects, and aligns investment initiatives with strategic priorities under Vision 2030 and Pakistan’s export-driven growth model.
During their stay, the Saudi delegation is expected to participate in multiple high-level engagements, including policy consultations with the SIFC, interactive sessions with the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), and sectoral roundtables in Islamabad, Lahore, and Karachi.
These discussions will focus on energy, renewables, agriculture, food processing, technology, logistics, infrastructure, and mining, areas seen as pivotal for long-term sustainable cooperation.
Recent developments have reinforced this momentum. Pakistan has recently appointed an 18-member high-level committee to lead negotiations with Saudi Arabia on economic cooperation. Both sides have signed a series of memoranda of understanding (MoUs) worth billions of dollars across diverse sectors.
Bilateral trade has shown encouraging trends, with Pakistan’s exports to Saudi Arabia registering double-digit growth during the past year.
The SPJBC delegation’s visit marks a continuation of this positive trajectory, building on previous engagements and exploring mechanisms to accelerate investment inflows under streamlined regulatory processes.
Discussions are expected to centre on project implementation, private sector partnerships, and the removal of procedural bottlenecks to enable smoother capital deployment.
Both countries view this engagement as part of a broader shift toward mutually beneficial economic integration, where Saudi investment and expertise support Pakistan’s structural reforms, and Pakistan’s market and skilled workforce contribute to Saudi Arabia’s economic diversification objectives.
