ISLAMABAD: Pakistan and Saudi Arabia have agreed to enhance bilateral cooperation in a number of different fields.
The two sides signed and exchanged documents of protocol at the end of the two-day long 11th Saudi-Pakistan Joint Ministerial Commission (JMC) meeting in Islamabad on Wednesday.
In the closing session, Pakistan’s Minister of Commerce Pervaiz Malik invited Saudi Arabia to invest in renewable energy projects, and in the agriculture, oil exploration and livestock sectors.
“The launching of Vision 2030 in the Kingdom will surely usher in the creation of hundreds of thousands of new jobs in the construction and services sectors … I would like my Saudi brothers to increase the quota of jobs for Pakistani workers in those sectors,” said Malik.
He also suggested the Saudi government could establish a “Saudi-specific training sector” in Pakistan to teach the particular skills needed for the Saudi job market.
The head of Saudi Arabia’s delegation, Majid Al-Qassabi, minister for commerce and investment, said the Kingdom was keen to enhance strategic relations with “our brotherly country Pakistan.”
The Saudi minister admitted that the current volume of trade between the two countries is only “moderate.”
“We need to enhance communication, we need to identify opportunities,” he said. “We need to promote investment opportunities, from both ends. We need to clear all the obstructions, all the challenges, that (inhibit) the ease of doing business.”
The 34-member Saudi delegation included participants from 20 different government entities, the chamber of commerce, and the private sector.
“We are really keen to identify opportunities, we really need to work to establish a long strategic relationship,” Al-Qassabi said.
The minister also announced that Riyadh will host the Saudi-Pakistan Business Forum in the second half of this year. “Hopefully that will be the launching pad for new business and investment relations between the two countries,” he said.