Last Updated : GMT 11:48:36
Arab Today, arab today
Arab Today, arab today

KSA, Pakistan to expand ties

Arab Today, arab today

Arab Today, arab today KSA, Pakistan to expand ties

Islamabad - Arabstoday

Saudi Arabia favors Free Trade Agreement (FTA) with Pakistan, but is waiting approval of the Gulf Cooperation Council for initiating the process, said Commerce and Industry Minister Tawfiq Al-Rabiah here yesterday. Speaking to reporters at the conclusion of the 9th session of Saudi-Pakistan Joint Commission, he said the two countries have agreed to expand bilateral economic and trade relations. The sides sought speedy measures to sign an agreement for strengthening security cooperation and combating drugs. The next meeting of the commission will be held in Riyadh in March. The two sides have decided to remove all obstacles facing expansion of bilateral trade ties, Al-Rabiah said. “We have agreed to expand cooperation in the banking sector to facilitate trade and financing of exports.” Saudi-Pakistan trade volume stands at SR 18 billion and there is wide scope for its expansion, he added. Referring to Pakistan’s request on a $ 131 million financial assistance for the Neelam-Jhelum Hydropower Project, Al-Rabiah said a decision on the matter would be taken by the Saudi Fund for Development, which is assisting Pakistan on this project. He said there are good opportunities for investment in agriculture and other fields and that Saudi companies have to explore possibilities of joint ventures. During the meeting, the Saudi side expressed its desire to sign a technical cooperation agreement with Pakistan for the maintenance of quality and standards and the Pakistanis endorsed the move. The Pakistanis wanted the Saudis to invest in their new economic zones that were established recently. “The two sides have agreed to promote cooperation between universities and research centers, exchange of scholarships, health training and exchange of health expertise and boosting cultural ties,” said the final communiqué issued after the meeting. During the technical discussions held in Islamabad, delegates from both countries presented various proposals to enhance bilateral trade and industrial development, joint ventures, promotion of banking, investment and energy. Besides, discussion regarding export of labor to Saudi Arabia and exchange of youth delegations were also held. Main decisions at the commission meeting were resumption of talks on the draft agreement for promotion and protection of investments in both countries, facilitating necessary entry visas for businessmen in order to boost trade and investment activity in both countries and invitation to Saudi investors to invest in hydropower projects. They also explored the possibility of entering into industrial cooperation including joint ventures in agriculture, light and heavy industry and petroleum sector. Development of Small and Medium Enterprises (SMEs) in Saudi Arabia to uplift this important sector of economy was discussed. Arab news

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ksa pakistan to expand ties Arab Today, arab today ksa pakistan to expand ties


Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today At Milaidhoo Island, Maldives

GMT 08:42 2016 Wednesday ,07 December

At Milaidhoo Island, Maldives
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today Status of main battle fronts

GMT 07:44 2016 Thursday ,08 December

Status of main battle fronts
Arab Today, arab today 'Rookie' Trump must fall into line

GMT 08:02 2016 Tuesday ,06 December

'Rookie' Trump must fall into line
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today The summer school raising aspirations

GMT 12:49 2016 Tuesday ,06 December

The summer school raising aspirations
Arab Today, arab today Vanessa Redgrave makes directing

GMT 10:52 2016 Tuesday ,06 December

Vanessa Redgrave makes directing
Arab Today, arab today Indonesia expands protection

GMT 11:39 2016 Tuesday ,06 December

Indonesia expands protection
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today It's a squeeze, but Paris Impressionist

GMT 12:06 2016 Saturday ,03 December

It's a squeeze, but Paris Impressionist
Arab Today, arab today To battle Japanese whaling fleet

GMT 11:53 2016 Monday ,05 December

To battle Japanese whaling fleet

GMT 12:58 2016 Friday ,02 December

Trump, politics on the mind

GMT 13:00 2016 Monday ,05 December

Dubai Women Establishment delegation

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 13:01 2016 Thursday ,01 December

Green groups pressure Spain

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 13:17 2016 Friday ,25 November

Ajman Tourism launches time capsule

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
Arab Today, arab today
Arab Today, arab today
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday