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Mettis Global News reported that Federal Minister for Board of Investment Qaiser Ahmed Sheikh invited Pakistani businessmen based in Saudi Arabia to invest in Pakistan and pursue joint ventures across several sectors. Sheikh spoke at a reception hosted by the Pakistani business community in Jeddah where he described the diaspora as an economic bridge capable of delivering investment along with technology, expertise and international networks. The minister stressed that such partnerships could strengthen commercial links between the two countries.
The sectors identified by Sheikh encompass agriculture and agro-processing together with information technology and digital services in addition to mining and minerals, manufacturing, energy, logistics, tourism and export-oriented industries. He drew attention to Pakistan’s natural resources, sizable domestic market, strategic location and growing digital economy as foundations for sustained investment collaboration. Mettis Global News reported that Sheikh called on Pakistani entrepreneurs in Saudi Arabia to actively promote Saudi-Pakistan business partnerships and explore opportunities in emerging areas.
Members of the Pakistani business community used the Jeddah reception to exchange views on investment prospects, regulatory reforms, special economic zones and further avenues for economic cooperation with Saudi Arabia. The gathering followed established patterns of outreach aimed at converting diplomatic relations into tangible commercial activity. According to Mettis Global News the event formed part of ongoing efforts to broaden bilateral economic engagement.
Arab News reported that Pakistani and Saudi businesses concluded 34 memoranda of understanding valued at $2.8 billion in 2024 across multiple fields. The two countries established an Economic Cooperation Framework in October 2025 to widen trade and investment in sectors of common interest. Business Recorder data places these steps within a sequence of initiatives intended to diversify economic relations beyond historical patterns.
On October 29, 2026, Finance Minister Muhammad Aurangzeb held talks with Saudi Ambassador Dr. Rajeh Tami Albugamy during which the sides reviewed investment openings in agriculture, minerals, mining and additional sectors, the Finance Division stated. The ministry said both parties underlined the importance of converting agreed priorities into measurable results while expanding commercial interaction. Arab News reported that the ambassador highlighted stronger business-to-business contacts as a means to reinforce people-to-people links and produce shared economic gains.
Saudi Arabia has provided repeated financial support to Pakistan including deposit facilities that have assisted reserve stabilisation in recent years according to statements from the Finance Division. Remittances from the Pakistani community in the kingdom represent a consistent inflow that complements investment discussions. The latest meetings continue a trajectory of engagement that includes targets to lift Pakistan’s agricultural and food exports to Saudi Arabia toward $3 billion.
