Pakistan, Saudi discuss early GCC FTA signing

Federal Minister for Commerce Jam Kamal Khan and Saudi Ambassador Dr Rajeh Albugamy met in Islamabad to discuss the early signing and implementation of the Pakistan-Gulf Cooperation Council (GCC) Free Trade Agreement.

The minister stated the agreement would enhance market access, expand bilateral trade, and strengthen economic engagement between the two nations.

Khan highlighted opportunities for economic integration through Saudi Arabia's Vision 2030 and Pakistan's industrial capabilities, including scaling production, improving product quality, and adopting modern technologies.

He noted collaboration in these areas could help Pakistani businesses meet Saudi market requirements and create mutually beneficial economic opportunities.

The Saudi ambassador reaffirmed the enduring bonds of brotherhood between the two countries and expressed commitment to supporting bilateral economic relations.

Both sides agreed to maintain regular coordination and follow, up engagement to advance trade, investment, and agricultural cooperation, with the goal of strengthening economic ties.