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Pakistan, Saudi Arabia Shift From Defence Pact to Investment Push as Joint Business Council Gets to Work

Newly named chairs signal a faster path for investors as delegations start deal-making.

Overview

  • Prince Mansour bin Mohammed led a high-level Saudi delegation to the Joint Business Council in Islamabad and pledged full facilitation for Saudi investors.
  • Saudi authorities named Prince Mansour to chair the Saudi Business Council, while Pakistan selected Fawad Ahmed Mukhtar to lead its counterpart body.
  • Business-to-business engagements were arranged with chambers and firms in Islamabad, Karachi and Lahore to scope concrete projects.
  • Officials outlined priority opportunities in agriculture, real estate, mining, corporate farming, and oil and gas exploration.
  • Prime Minister Shehbaz Sharif hosted the visiting team at a luncheon and urged a pivot from the new defence agreement toward trade, investment, research and innovation.