Pakistan and Saudi Arabia look into working together to invest in fast-growing areas.

An official statement on Wednesday said that Pakistan and Saudi Arabia want to work together to get into fast-growing regional markets and make the most of their production and capital strengths. This was said after talks between Commerce Minister Jam Kamal Khan and Saudi Investment Assistant Minister Ibrahim Al-Mubarak in Islamabad.

According to a statement from Pakistan’s commerce ministry after the meeting, “A key focus of the discussion was the joint exploration of regional markets, particularly Central Asia, Africa, and ASEAN, identified as high-growth regions offering significant opportunities for collaboration.”

It went on to say, “The two sides agreed that Pakistan and Saudi Arabia can become complementary partners by using their respective strengths—combining Pakistan’s production capabilities with Saudi Arabia’s capital strength, market access, and regional connectivity.”

The Saudi side was interested in corporate farming in Pakistan, especially in the rice sector. The talks covered mechanisation, storage, and logistics to make sure that exports could happen consistently and over a long period of time under structured arrangements.

There were also talks about working together further in agriculture and food security, such as rice, fodder, beef, and other agricultural goods. Saudi financial institutions may potentially be able to help with agricultural and infrastructural projects that are tied to exports.

The statement added that corporate farming and mechanisation were talked about as long-term ways to solve problems with productivity in commodities like cotton, where lower yields and high manual labour costs had made them less competitive.

Human resource development became another area of attention, with both parties citing a lack of mid-level skills in areas including nursing, caregiving, technical work, and hospitality.

The Saudi side said they were ready to bringing “train-to-deploy” models to Pakistan that connect training programs directly with job prospects abroad.

The discussion also looked at chances in building materials, pharmaceuticals, sports products, shoes, and light manufacturing. Both sides agreed to hold sector-specific seminars and business-to-business meetings to turn policy alignment into real trade and investment flows.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button