Pakistan-Saudi trade expands with investment boost as Saudi investors have shown keen interest in various sectors.
Pakistan and Saudi Arabia’s trade relations are witnessing significant growth, backed by the Special Investment Facilitation Council (SIFC).
Pakistan’s exports to Saudi Arabia have risen by 22%, with the total trade volume increasing from $546 million to $700 million.
Saudi investors have shown strong interest in investing in Pakistan’s energy, agriculture, IT, and construction sectors.
The target for Pakistan’s IT service exports to Saudi Arabia has been raised from $50 million to $100 million, with Saudi Arabia setting up a help desk to streamline the registration process for Pakistani IT companies.
Additionally, the well-known Saudi food chain “Albaik” has announced plans to open branches in Pakistan.
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