Commerce Minister Jam Kamal Khan and newly appointed Saudi Ambassador Dr Rajeh Albugamy discuss investment, agricultural cooperation and early implementation of the Pakistan-GCC Free Trade Agreement.
Islamabad, October 31, 2026: Pakistan and Saudi Arabia have discussed expanding bilateral trade, investment and economic cooperation, with a focus on agriculture, industrial development and improved market access.
The newly appointed Saudi Ambassador to Pakistan, Dr Rajeh Albugamy, met Federal Minister for Commerce Jam Kamal Khan in Islamabad on Friday to explore opportunities for strengthening economic relations between the two countries.
Welcoming the ambassador, Jam Kamal Khan reaffirmed Pakistan’s historic and longstanding relationship with Saudi Arabia, highlighting the Kingdom’s special significance for Pakistan.
The minister said the government had made sustained efforts over the past three years to strengthen bilateral relations through government-to-government, business-to-business and people-to-people engagement.
He highlighted opportunities for economic integration in view of Saudi Arabia’s Vision 2030 and Pakistan’s production and industrial capabilities.
Jam Kamal Khan stressed the potential for cooperation in expanding production, improving product quality, adopting modern technologies and strengthening industrial competitiveness. He also emphasised the need to diversify Pakistan’s exports and encourage private-sector partnerships.
Ambassador Albugamy reaffirmed Saudi Arabia’s commitment to strengthening economic relations with Pakistan and highlighted opportunities for regional connectivity and cooperation, particularly in agriculture.
Both sides also discussed the Pakistan-Gulf Cooperation Council (GCC) Free Trade Agreement, including its early signing and implementation.
The commerce minister said the agreement could improve market access, increase bilateral trade and create new opportunities for economic cooperation.
The Saudi ambassador assured continued engagement with the Ministry of Commerce to identify investment opportunities and facilitate mutually beneficial partnerships.
Both sides agreed to maintain regular coordination and follow-up discussions to advance trade, investment and agricultural cooperation.