ISLAMABAD – Pakistan and Saudi Arabia have officially unveiled an expansive economic cooperation framework aimed at transforming their longstanding alliance into a powerhouse of trade, investment, and regional development.
Under the blueprint, both nations will mobilise large-scale joint ventures, strengthen industrial linkages, and unlock fresh capital flows across priority sectors including energy, agriculture, technology, and special economic zones. Pakistani officials emphasised that the deal represents a strategic shift — from traditional aid and oil ties to mutually beneficial, high-growth partnerships.
The framework calls for accelerated establishment of investment facilitation mechanisms, fast-track approvals for projects under the Special Investment Facilitation Council (SIFC) in Pakistan, and seamless coordination via Saudi-Pakistani business councils. Key anchor projects, reportedly nearing finalisation, span high-value manufacturing, export-oriented zones, and digital economy ventures.
Analysts say the emerging model could narrow Pakistan’s trade deficit with the Kingdom, diversify Riyadh’s supply chains, and strengthen Islamabad’s economic resilience amid global head-winds. Future phases include performance-based investment tranches and sector-specific milestones aimed at delivering true “win-win” results.
This story has been reported by PakTribune. All rights reserved.