5 billion dollars trade volume with Saudi Arabia

The Pakistani Minister of Trade, Mr. Jam Kamal Khan, revealed to Al -Youm that the total volume of trade between Pakistan and the Kingdom of Saudi Arabia is about five billion dollars, as the export of minerals from Saudi Arabia to Pakistan is the main component.
He said, “At the same time, there are other opportunities that include the export of Pakistan for rice, meat, pharmaceutical products and leather,” this came during the opening of the first one -country exhibition under the title “Made in Pakistan” at the Jeddah International Exhibition and Conference Center.

Commercial

Khan added during his talk to “Today” that the Kingdom is always a destination for Pakistani trade for many years, but the idea of ​​doing so at the level of countries needed an initiative and the new government adopted this initiative, and we started working on how to implement this concept at the state level and Jeddah was chosen because of a visit to many From commercial delegations, then the government of Pakistan and the Ministry of Agriculture contacted the chambers of commerce here, as well as with the relevant ministry in the Kingdom, to study how to enhance commercial behavior and enhance trade in general.
He continued, “Several bilateral meetings took place between Pakistan and Saudi Arabia, and we received three large delegations from Saudi Arabia visited Pakistan and in each of these three visits. From 150 people or more, it was agreed that the Pakistani partners brought their companies here at the beginning.

Khan indicated that there is a commitment by Pakistan to enhance the economic relationship with the Kingdom of Saudi Arabia.

Diplomacy bridge

Khan said that this policy is working as a bridge for economic diplomacy, enhancing interactions between companies and paving the way for long -term economic cooperation.
He explained that the economic relations between Pakistan and Saudi Arabia, and that the economic relations between Pakistan and Saudi Arabia are deep and strong, and enjoy huge potentials and unexploited opportunities, can be used to achieve mutual benefits, especially since Pakistan has a population of 240 million, and has abundant resources and a unique geographical location, which is It provides a wide range of opportunities for investment and trade, and recently, and within the framework of government initiatives, 34 memoranda of understanding has been signed for commercial activities worth $ 2.8 billion, and more commercial proposals are discussed in sectors such as energy, mining, agriculture and human resources development.

Khan added that the Kingdom of Saudi Arabia is the largest labor market for the Pakistani workforce, and the upcoming international events such as Expo International and the FIFA World Cup offer enormous opportunities for our partnership in human resource development, and 137 companies from Pakistan participate in this huge event and it is likely that the great interaction between Companies to move a major commercial activity.