‘Pak-Saudi commerce on the rise’


TOKYO: Saudi Arabia and Pakistan have long-standing political, social, public and financial relations, and the amount of bilateral commerce between the 2 international locations is rising quickly with the passage of time, stated a senior Saudi diplomat in an unique interview with The Information.

He stated Pakistan’s exports to Saudi Arabia are rising quickly whereas Saudi Arabia is taking part in an essential position in assembly Pakistan’s oil wants.

In accordance with a report by Commerce Financial, Pakistan’s exports to Saudi Arabia have been one of the best in final three years, with a document $489 million in 2019, $516 million in 2020, and $402 million 2021, with numerous objects being exported to Saudi Arabia, together with rice, meat, spices, fruits, textiles and family items.

The report claimed that the amount of bilateral commerce between the 2 international locations is over $2 billion. It said that Saudi Arabia exports the most important quantity of oil to Pakistan, and provides plastics, natural chemical substances, aluminum, equipment, boilers, and different items to Pakistan. Saudia Arabia additionally exports a lot of essential commodities, together with furnishings, and sugar.

The Saudi official hoped that the commerce ties between the international locations would strengthen over the time.

Yoruma kapalı.