Saudi Crown Prince Meets Chief of Army Staff of Pakistan
Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz welcomed in his office in Jeddah today, General Syed Asim Munir Ahmed Shah Chief of Army Staff of Pakistan, reported Saudi Press Agency.
During the meeting, they reviewed the bilateral relations between the two countries in the military fields, in addition to several matters of mutual interest.
Trade Volume Between KSA, Pakistan
Pakistan has set its sights on amplifying its trade relationship with Saudi Arabia. Commerce Minister Majid Al-Qasabi has announced an ambitious goal to increase trade volume between both countries. According to the Saudi Press Agency (SPA) the target is to reach a staggering $20 billion. This was announced during the Saudi-Pakistani Forum (Feb. 22), organized by the Federation of Saudi Chambers. This move is also a significant step towards strengthening economic ties between two nations that have historically enjoyed friendly relations.
Exploring New Trade Avenues
Accordingly, as part of this initiative, both countries are exploring new avenues for collaboration. The focus is on diversifying the trade portfolio, which has traditionally been centered around oil. The new strategy aims to include sectors like technology and manufacturing. This also offers a more holistic trade partnership.
Long-term Strategic Partnership
Furthermore, the initiative goes beyond immediate economic gains. It is a part of a broader strategy to cement a long-term strategic partnership between Pakistan and Saudi. The enhanced economic cooperation is expected to lead to greater political and cultural ties, reinforcing the already strong relationship between the two countries.
The goal to increase trade between Pakistan and Saudi is a testament to the growing relationship between both countries. Under the guidance of Minister Al-Qasabi, this initiative promises to open new doors of opportunity. It is also a significant step that benefits the economies of both nations and also contributes to regional stability.
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