ISLAMABAD: Pakistan has long enjoyed warm relations with Saudi Arabia, deeply rooted in their common faith, shared history and mutual support in times of crisis. More than 2 million Pakistanis work in the Kingdom, contributing to its prosperity and sending home billions in remittances. Trade, meanwhile, continues to blossom between the two nations.
With an eye to boosting their mutual cooperation, Pakistan’s Prime Minister Imran Khan arrived in Saudi Arabia on Friday at the invitation of Crown Prince Mohammed bin Salman to begin a three-day official visit, with energy, economy and the welfare of overseas Pakistanis expected to top the diplomatic agenda.
“We believe this is a very important visit of Prime Minister Imran Khan to Saudi Arabia with respect to our historic bilateral relationship, trade and economic ties,” Zahid Hafeez Chaudhri, a spokesman for the Pakistani foreign office, told Arab News.
“The two sides will discuss economy, trade, investment and job opportunities for the Pakistani workforce in Saudi Arabia, besides signing a number of agreements on energy and infrastructure related projects.”
Indeed, the Kingdom is an extremely important trade destination for Pakistan and both countries have been searching for ways to boost their partnership along with the volume of imports and exports.
At present, the trade volume between both countries stands at $3.6 billion, with imports from Saudi Arabia worth $3.2 billion and exports to the Kingdom worth $316.3 million, according to the Federation of Pakistan Chambers of Commerce and Industry.