Pakistan and Saudi Arabia have agreed to deepen economic cooperation through a series of investment understandings covering infrastructure, ports, motorways, real estate and minerals development during a two-day meeting of the Pakistan-Saudi Joint Business Council, officials said on Friday.
The agreements were concluded under the facilitation of the Special Investment Facilitation Council (SIFC) and are being seen as part of broader efforts to boost Saudi investment inflows into Pakistan and strengthen business-to-business (B2B) partnerships between the two countries.
Key understandings include cooperation on ports development and motorway infrastructure, including the long-delayed Hyderabad–Karachi Motorway project, aimed at improving connectivity and supporting trade and logistics across the country.
Additional areas of collaboration were finalised in real estate and the minerals sector, reflecting growing Saudi interest in Pakistan’s resource potential and infrastructure opportunities.
The agreements were signed in the presence of former caretaker federal minister Gohar Ejaz, while the Saudi delegation was represented by Prince Mansour bin Mohammad Al Saud.
The business forum was jointly chaired by Gohar Ejaz and Pakistan-Saudi Joint Business Council Chairman Fawad Mukhtar, with the Saudi delegation led by Prince Mansour bin Al Saud. Senior Pakistani officials, including Minister for Petroleum Musadik Malik, Minister of State Ali Pervaiz Malik, and Adviser on Privatisation Muhammad Ali, also attended the sessions.
Officials said Saudi investors were briefed on opportunities across energy, petroleum, mining, and industrial development sectors. Separate B2B meetings were also held between Pakistani and Saudi companies to explore partnerships and future investment frameworks.
Pakistan also highlighted investment opportunities in the power sector, including transmission systems and smart metering projects, as part of ongoing energy sector reforms aimed at improving efficiency and reducing losses.
Speaking on the occasion, Gohar Ejaz said Saudi interest in Pakistan’s economy was increasing, adding that both countries were actively promoting economic cooperation and investment facilitation.
He said Pakistan offers attractive returns for foreign investors and is extending special incentives to overseas partners, adding that the country aims to emerge as both an economic and strategic power.
The latest agreements come as Pakistan seeks to convert diplomatic engagements with Gulf partners into concrete investment inflows to support economic stabilisation and long-term growth.
