{"id":101332,"date":"2025-02-10T17:31:59","date_gmt":"2025-02-10T12:31:59","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=101332"},"modified":"2025-02-10T17:33:20","modified_gmt":"2025-02-10T12:33:20","slug":"pak-saudi-economic-partnership-grows-with-new-trade-deals","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pak-saudi-economic-partnership-grows-with-new-trade-deals.html","title":{"rendered":"Pak-Saudi economic partnership grows with new trade deals"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Islamabad: Pakistan and Saudi Arabia are strengthening their economic and trade ties with new investment agreements and business collaborations across multiple sectors. The developments came during a series of high-profile meetings in Jeddah, where Pakistan\u2019s Federal Minister for Commerce, Jam Kamal Khan, engaged with Saudi business leaders and investors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Albaik Expands to Pakistan<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One of the key announcements was the expansion of Saudi fast-food giant Albaik into Pakistan, with the process now in its final stages following the signing of a Memorandum of Understanding (MoU).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During his visit, Minister Jam Kamal Khan met Albaik\u2019s owner, Rami Abu Ghazala, and was given a tour of the company\u2019s operations, where he interacted with Pakistani employees working at Albaik. The first Albaik outlets in Pakistan are expected to open soon, generating new job opportunities and strengthening Pakistan-Saudi business ties. The Minister welcomed Albaik\u2019s entry into Pakistan, noting its potential to boost the fast-food industry and enhance consumer choice.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pak-saudi-arabia-advance-reko-diq-talks.html\" target=\"_blank\" rel=\"noreferrer noopener\">Economic ties strengthened as Pak, KSA advance Reko Diq talks<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Saudi Investors Explore Pakistan\u2019s Key Sectors<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Beyond Albaik, discussions centered on expanding Saudi investment in Pakistan across energy, agriculture, IT, healthcare, infrastructure, and consumer goods. The Minister highlighted Pakistan\u2019s 22% export growth to Saudi Arabia, reaching $700 million, and assured Saudi investors of a business-friendly environment, including tax exemptions, investor protection laws, and access to a 240-million-strong consumer market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Saudi business leaders expressed strong interest in construction materials, textiles, and the food industry, with several proposals discussed to enhance trade and industrial investment. The Minister invited Saudi firms to visit Pakistan and participate in major trade exhibitions, such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>TEXPO (Textile &amp; Apparel Trade Exhibition)<\/li>\n\n\n\n<li>Food-AG (Agriculture &amp; Food Processing Exhibition)<\/li>\n\n\n\n<li>Healthcare &amp; Mineral Show<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/balochistans-mining-sector-to-get-ksa-investment.html\" target=\"_blank\" rel=\"noreferrer noopener\">Balochistan\u2019s Mining Sector Set for Boost with KSA\u2019s Investment<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ease of Doing Business &amp; Investment Frameworks<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The meetings also covered Pakistan\u2019s recent business-friendly reforms, including the Pakistan Single Window (PSW) and the National Compliance Centre, which aim to simplify trade regulations and improve export standards.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In another significant engagement, Minister Jam Kamal Khan met Pakistani investors and business leaders in Jeddah, acknowledging their long-standing contributions to Saudi Arabia\u2019s economy. He noted that 1.7 million Pakistanis traveled to Saudi Arabia in the last five years, making it the top destination for Pakistani emigrants.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Strengthening Financial &amp; Business Relations<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Minister highlighted that Pakistani expatriates in Saudi Arabia sent $7.4 billion in remittances last fiscal year, emphasizing the strong economic link between the two nations. He also praised the Pakistan Investor Forum in Jeddah, which plays a key role in guiding new investors and fostering Pakistani-Saudi business partnerships.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Encouraging Pakistani investors to explore business opportunities in Pakistan, the Minister pointed out the country\u2019s Revised Visa Policy, which now allows GCC citizens to enter Pakistan visa-free for up to 90 days, making business travel easier.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/ksa-pak-seek-strong-bilateral-ties.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pak aims to lift bilateral trade with KSA up to USD 20 bn<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Expanding the Pakistan-Saudi Economic Corridor<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Minister Jam Kamal Khan\u2019s engagements in Jeddah reaffirmed Pakistan\u2019s commitment to strengthening trade ties with Saudi Arabia. With growing Saudi interest in Pakistani industries, rising trade volumes, and new business partnerships, the Pakistan-Saudi economic corridor is poised for further expansion, creating new opportunities for businesses and investors in both nations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistan and Saudi Arabia are strengthening their economic and trade ties with new investment agreements and business collaborations across multiple sectors. The developments came during a series of high-profile meetings in Jeddah, where Pakistan\u2019s Federal Minister for Commerce, Jam Kamal Khan, engaged with Saudi business leaders and investors. Albaik Expands to Pakistan One of the key announcements was the expansion of Saudi fast-food giant Albaik into Pakistan, with the process now in its final stages following the signing of a Memorandum of Understanding (MoU). During his visit, Minister Jam Kamal Khan met Albaik\u2019s owner, Rami Abu Ghazala, and was given a tour of the company\u2019s operations, where he interacted with Pakistani employees working at Albaik. The first Albaik outlets in Pakistan are expected to open soon, generating new job opportunities and strengthening Pakistan-Saudi business ties. The Minister welcomed Albaik\u2019s entry into Pakistan, noting its potential to boost the fast-food industry and enhance consumer choice. Read: Economic ties strengthened as Pak, KSA advance Reko Diq talks Saudi Investors Explore Pakistan\u2019s Key Sectors Beyond Albaik, discussions centered on expanding Saudi investment in Pakistan across energy, agriculture, IT, healthcare, infrastructure, and consumer goods. The Minister highlighted Pakistan\u2019s 22% export growth to Saudi&hellip;<\/p>\n","protected":false},"author":18,"featured_media":101333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15153],"tags":[62463,62451,62455,61114,62458,12784,62453,31136,62465,62466,62464,47122,62454,62457,7554,17676,62460,36315,62467,51910,61955,62456,62461,4579,62462,62452,60968,62459,61054],"persona":[],"class_list":["post-101332","post","type-post","status-publish","format-standard","has-post-thumbnail","category-trade","tag-agriculture-investment","tag-albaik-expansion","tag-business-collaboration","tag-business-friendly-policies","tag-consumer-goods","tag-ease-of-doing-business","tag-economic-partnership","tag-energy-sector","tag-fast-food-industry","tag-gcc-visa-policy","tag-healthcare-industry","tag-infrastructure-development","tag-investment-agreements","tag-investor-protection","tag-it-sector","tag-jam-kamal-khan","tag-national-compliance-centre","tag-pakistan-exports","tag-pakistan-investor-forum","tag-pakistan-single-window","tag-pakistan-saudi-relations","tag-pakistan-saudi-trade","tag-pakistani-expatriates","tag-remittances","tag-saudi-business-leaders","tag-saudi-investors","tag-tax-exemptions","tag-trade-exhibitions","tag-trade-growth","cat-15153-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pak-Saudi partnership grows with new trade deals - Zameen News<\/title>\n<meta name=\"description\" content=\"Pakistani expatriates in Saudi Arabia sent $7.4 billion in remittances last fiscal year, emphasizing the strong economic link between...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pak-saudi-economic-partnership-grows-with-new-trade-deals.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pak-Saudi partnership grows with new trade deals - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Pakistani expatriates in Saudi Arabia sent $7.4 billion in remittances last fiscal year, emphasizing the strong economic link between...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pak-saudi-economic-partnership-grows-with-new-trade-deals.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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