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Pakistan Forms Fast-Track Team to Negotiate Expanded Economic Pact With Saudi Arabia

The 18-member group begins work under expedited rules to court investment, lift exports and revive stalled projects.

Overview

  • An official notification establishes an 18-member committee to lead talks under the PakistanSaudi Arabia Economic Framework, with operations starting October 6 and one-hour travel approvals, SIFC facilitation and fortnightly reporting.
  • The body is co-chaired by Climate Change Minister Musadik Masood Malik and SIFC National Coordinator Lt Gen Sarfraz Ahmad, and includes key economic ministers, senior regulators and Pakistan’s ambassador in Riyadh.
  • The mandate extends beyond defence and energy to cover environmental protection and climate stability, reflecting a broader scope for bilateral economic cooperation.
  • Pakistan is expected to seek buy-back investments in oil and agriculture, boost exports to narrow a roughly $3 billion trade deficit, and put a long-delayed refinery project back on the table, according to multiple reports.
  • A Saudi Shura Council delegation has arrived in Islamabad for high-level meetings, while a Saudi business mission is expected this week and Prime Minister Shehbaz Sharif is likely to visit Riyadh later in October to advance agreements.