Pakistan\u2019s Federal Minister for Commerce, Jam Kamal Khan, engaged in a series of high-profile meetings in Jeddah, focusing on enhancing trade and investment partnerships between Pakistan and Saudi Arabia.
\nThe discussions, held during the first-ever \u201cMade in Pakistan\u201d exhibition, centered on business collaborations, investment opportunities, and Saudi brands entering the Pakistani market,said a press release issued here on Saturday.
\nIn a key meeting with prominent Saudi businessmen, the Minister invited them to explore investment opportunities in Pakistan across energy, agriculture, IT, healthcare, infrastructure, and consumer goods.
\nHe highlighted Pakistan\u2019s 22% export growth to Saudi Arabia, reaching $700 million, and assured Saudi investors of a business-friendly environment with tax exemptions, investor protection laws, and access to a 240-million-strong consumer market.
\nSaudi business leaders expressed keen interest in collaborating with Pakistani counterparts, particularly in construction materials, textiles, and food industries. Several proposals were discussed to enhance trade partnerships and industrial investment, with the Minister extending an invitation for them to visit Pakistan and participate in trade exhibitions like TEXPO, Food-AG, and the Healthcare & Mineral Show.
\nThe discussions also touched on Pakistan\u2019s recent ease-of-doing-business initiatives, including Pakistan Single Window (PSW) and the National Compliance Centre, aimed at streamlining trade regulations and enhancing export standards.
\nA major highlight of the visit was Minister Jam Kamal Khan\u2019s meeting with Albaik owner Rami Abu Ghazala. The Minister was given a tour of Albaik\u2019s operations, where he met Pakistani employees working at the fast-food giant.
\nDuring the discussions, Albaik confirmed its expansion into Pakistan, stating that the process is in its final stages following the signing of an MOU. The first Albaik branches in Pakistan are expected to open soon, creating new job opportunities and strengthening economic ties between the two nations.
\nThe Minister appreciated the contributions of Pakistani workers within Saudi businesses like Albaik and welcomed the brand\u2019s entry into Pakistan, highlighting its potential to enhance the country\u2019s fast-food industry and consumer market.
\nIn another significant meeting, the Minister met with Pakistani investors and business leaders based in Jeddah, recognizing their decades-long contributions to Saudi Arabia\u2019s economic landscape. He acknowledged that 1.7 million Pakistanis traveled to Saudi Arabia in the past five years, making it the top destination for Pakistani emigrants.
\nThe Minister also highlighted the $7.4 billion in remittances sent from Saudi Arabia last fiscal year, emphasizing the strong financial link between the two countries. He noted that the Pakistan Investor Forum, recently established in Jeddah, is playing a key role in guiding new market entrants and fostering Pakistani-Saudi business collaborations.
\nHe also encouraged Pakistani investors to leverage the country\u2019s Revised Visa Policy, which allows GCC citizens to enter Pakistan visa-free for up to 90 days, making business travel more convenient.
\nMinister Jam Kamal Khan\u2019s engagements in Jeddah reinforced Pakistan\u2019s commitment to strengthening trade ties with Saudi Arabia. From Saudi business leaders showing confidence in Pakistan\u2019s economy to Albaik\u2019s upcoming expansion, the visit marked a major step forward in deepening economic and trade relations between the two nations.
\nWith growing Saudi interest in Pakistani industries, increasing trade volumes, and new business partnerships, the Pakistan-Saudi economic corridor is set to expand further, opening exciting opportunities for both countries.<\/p>\n","protected":false},"excerpt":{"rendered":"
Pakistan\u2019s Federal Minister for Commerce, Jam Kamal Khan, engaged in a series of high-profile meetings in Jeddah, focusing on enhancing trade and investment partnerships between Pakistan and Saudi Arabia. The discussions, held during the first-ever \u201cMade in Pakistan\u201d exhibition, centered on business collaborations, investment opportunities, and Saudi brands entering the Pakistani market,said a press release […]<\/p>\n","protected":false},"author":2,"featured_media":460297,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-460287","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n