Saudi delegation attends Joint Business Council meeting to boost trade, investment under Vision 2030

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ISLAMABAD, Wednesday, October 8, 2025 (WNP): A high-level Saudi trade delegation led by Prince Mansour bin Mohammed Al Saud on Wednesday attended the Saudi–Pakistan Joint Business Council meeting in Islamabad, focusing on strengthening bilateral trade, investment, and private-sector collaboration across key economic sectors.

The session, held under the auspices of the Saudi–Pakistan Joint Business Council with the support of the Special Investment Facilitation Council (SIFC) and the Ministry of Commerce, marked a major step toward expanding economic cooperation in line with Saudi Vision 2030 and Pakistan’s investment-led growth strategy.

The Saudi delegation comprised senior executives and investors representing sectors such as minerals, energy, agriculture, livestock, construction, infrastructure, tourism, and real estate, while prominent Pakistani business leaders and enterprises participated to explore new avenues for partnership.

Pakistani ministers and senior officials briefed the delegation on ongoing economic reforms, investment incentives, and regulatory improvements aimed at fostering a transparent and predictable business environment. They highlighted Pakistan’s vast potential across SIFC’s priority sectors and reaffirmed the government’s commitment to facilitating foreign investors.

Speaking at the meeting, Prince Mansour bin Mohammed Al Saud commended Pakistan’s reform-driven economic agenda and reaffirmed the Kingdom’s strong interest in enhancing investment cooperation. He noted that Pakistan offers immense opportunities in energy, mining, agriculture, technology, tourism, and real estate, aligning closely with the diversification goals of Saudi Vision 2030.

The Joint Business Council serves as a key institutional platform to promote sustained engagement between the two private sectors, enabling joint ventures, cross-border trade, and public–private partnerships that contribute to long-term economic linkages.

As part of their visit, the Saudi delegation received a comprehensive briefing from the SIFC and Ministry of Commerce on Pakistan’s investment facilitation framework, regulatory landscape, and emerging opportunities in high-growth sectors.

The delegation will also travel to Karachi and Lahore for meetings with provincial leaders, chambers of commerce, and major business groups to identify strategic projects and joint investment ventures at both regional and national levels.

The visit underscores the two nations’ shared vision of transforming their historic ties into a forward-looking economic partnership, grounded in mutual trust and driven by the private sector. Both sides reaffirmed their commitment to advancing sustainable growth, regional connectivity, and strategic investment cooperation under a stable and mutually beneficial framework.