Pakistan has formed an 18-member committee to handle economic talks with Saudi Arabia. The committee will focus on fast-tracking negotiations and collaborations between the two countries. Climate Change Minister Musadik Malik and Lieutenant General Sarfraz Ahmad will co-chair the group. They will lead core negotiation teams to work closely with Saudi counterparts on key issues. The Prime Minister’s Office has instructed quick approvals for travel related to the committee’s work.
Key government ministers are part of the committee, including Economic Affairs Minister Ahad Khan Cheema, Commerce Minister Jam Kamal Khan, and Power Minister Awais Ahmed Leghari. Other members include ministers responsible for food security, communication, industries, and information technology. The group’s mission is to strengthen bilateral economic ties through timely and efficient engagement. Pakistan hopes these talks will boost investments and deepen cooperation with Saudi Arabia.
Read more: Saudi Arabia to launch AI hub in Pakistan
Saudi Arabia and Pakistan share a long history of economic and military cooperation. Riyadh has been a significant source of financial aid and energy supplies for Islamabad. Recently, Saudi Arabia signed a $1.2 billion deferred oil facility agreement with Pakistan. Islamabad is also negotiating the rollover of $5 billion in Saudi loans at concessional interest rates. These economic links remain vital for Pakistan’s financial stability.
A Saudi business delegation is expected in Pakistan this week to discuss new investment opportunities. Initial plans include around $1 billion in investments focusing on technology, sports equipment, and food sectors. The delegation will meet Prime Minister Shehbaz Sharif to explore partnership options. Pakistan is also seeking Saudi investments in state-owned enterprises and a petrochemicals plant.
Read more: New Defense Alliance Between Pakistan and Saudi Arabia Emerges
Officials hope the committee and upcoming talks will lead to deeper economic collaboration matching their recent joint defense agreement. Analysts expect financial benefits for Pakistan as the relationship grows. Saudi Arabia has shown interest in mining projects, including the Reko Diq copper mine. Both countries aim to expand their strategic and economic partnership for mutual benefit.