Pakistan, Saudi Arabia seek to deepen parliamentary cooperation during ongoing visit of Shoura Council 

Deputy Speaker National Assembly Syed Ghulam Mustafa Shah hosts lunch in honor of Saudi Shura Council delegation on June 23, 2025. (NA of Pakistan/ X)
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Updated 24 June 2025
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Pakistan, Saudi Arabia seek to deepen parliamentary cooperation during ongoing visit of Shoura Council 

  • Both sides agree to promote parliamentary exchanges and share legislative experience
  • Parliamentary exchanges are seen as vital to deepen political and legislative partnerships

ISLAMABAD: Pakistan’s National Assembly on Tuesday formally welcomed a high-level delegation of Saudi Arabia’s Shoura Council as the two countries seek to deepen parliamentary cooperation.

The visit is one among many recent efforts to strengthen political, defense and economic links between the longtime allies, who already share robust trade and security partnerships and close cultural ties. Saudi Arabia hosts over two million Pakistani expatriates and has long been a key source of financial support for Islamabad, including during recent economic crises and through workers’ remittances. 

“During the National Assembly Budget Session 2025, Honorable Speaker of the National Assembly, Sardar Ayaz Sadiq, along with Members of the National Assembly, extended a warm welcome to the high-level parliamentary delegation of the Pak-Saudi Parliamentary Friendship Committee of the Saudi Shoura Council present in the Speaker’s Gallery,” the National Assembly said in a statement posted on social media platform X.

The Saudi delegation, led by Major General (Retd.) Dr. Abdulrahman bin Sanhat Al-Harbi, chairman of the Saudi-Pakistan Parliamentary Friendship Committee, includes Dr. Iman bint Abdulaziz Al-Jabreen and Engineer Salem bin Ali Al-Shahrani, both members of the Shoura Council.

The delegation held separate meetings with Speaker Sadiq and other Pakistani parliamentarians earlier, during which both sides agreed to promote parliamentary exchanges and share legislative experience.

“The Pak-Saudi Friendship Group established in the National Assembly is playing an important role in promoting harmony between the parliaments of the two countries,” Speaker Sadiq said in an earlier statement.

“Exchanges of parliamentary delegations will give the parliamentarians of both countries an opportunity to benefit from each other’s experiences.”

Dr. Al-Harbi said Saudi Arabia attached great importance to its relations with Pakistan and reiterated the Kingdom’s commitment to working together for peace and development in the region.

Frequent visits by parliamentary delegations complement high-level diplomatic and ministerial interactions between the two nations and are seen as a way to pave the ground for greater people-to-people contacts and new Saudi investments in Pakistan’s energy, mining and infrastructure sectors.

The visit also comes amid Islamabad’s efforts to attract foreign investment and strengthen partnerships with Gulf countries to stabilize its struggling economy.


Pakistan registers nearly 3,500 new firms in Feb. with China, US among top foreign investors

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Pakistan registers nearly 3,500 new firms in Feb. with China, US among top foreign investors

  • Pakistan is seeking to increase foreign investment as it treads a long path to economic recovery under $7 billion IMF bailout
  • IT and e-commerce sectors remained the leading drivers of growth with 723 new incorporations, followed by the trading sector

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) registered nearly 3,500 new companies in the month of Feb., it said on Friday, with China and United States (US) among top foreign investors.

The development comes at a time when Pakistan is seeking to increase foreign direct investment as it treads a long path to economic recovery under a $7 billion International Monetary Fund (IMF) bailout.

The South Asian country has announced several incentives for in its Special Economic Zones (SEZs), including exemption from income tax and sales tax on the import of machinery, to promote foreign investment.

On Tuesday, the SECP said addition of 3,444 new firms brings the total number of registered companies in Pakistan to 287,049, reflecting continued growth in the country’s corporate sector.

“Private limited companies accounted for 59 percent of the new registrations, followed by single-member companies at 38 percent. The remaining 3 percent comprised public unlisted companies, not-for-profit organizations, limited liability partnerships, and foreign companies,” the regulator said.

“Foreign investment remained robust, with 82 newly incorporated companies receiving international shareholding. China emerged as the leading source of investment with participation in 44 companies, followed by the United States with investments in seven companies.”

Other key investors included Palau, Germany Egypt, the United Kingdom, Australia, Indonesia, Azerbaijan, Jordan, Canada, Sweden, Denmark and Turkiye, according to the SECP.

The primary destinations for foreign investment were the mining and quarrying, trading, and information technology sectors, indicating sustained international interest in Pakistan’s natural resources, commercial markets and expanding digital economy.

Punjab led with 1,696 new companies, followed by the Islamabad Capital Territory with 656, Sindh with 555, Khyber Pakhtunkhwa with 317, Gilgit-Baltistan with 174 and Balochistan with 46, demonstrating broad-based geographic expansion of corporate activity.

“Sector-wise, the information technology and e-commerce sectors remained the leading drivers of growth with 723 new incorporations, followed by the trading sector with 531 registrations, services with 434, and real estate development and construction with 323 new companies,” the SECP said.

“Further diversification was observed across multiple sectors, including tourism and transport (194), food and beverages (165), education (107), mining and quarrying (79), textile (69), marketing and advertisement (64), chemicals (58), pharmaceuticals (58), corporate agricultural farming (57), health care (56), engineering (52), cosmetics (50), communications (44), fuel and energy (42), lodging (37), and auto-allied industries (35),” it said.

“In addition, 266 companies were incorporated across various other sectors, including cables and electric goods, sports, and paper and board, reflecting the continued broadening of Pakistan’s industrial and business base.”