Pakistan, Saudi Arabia to deepen agriculture, food trade cooperation

Pakistan, Saudi Arabia to deepen agriculture, food trade cooperation.

Key points

• Cheema remarked Prime Minister Muhammad Shehbaz Sharif was keen to translate the longstanding brotherly ties between Pakistan and Saudi Arabia into stronger economic, trade and investment partnerships.
• Two sides are additionally probable to sign MoU on establishment of Pakistan-Saudi Agri Investment Fund.
• The delegation will visit the National Agriculture Research Centre (NARC), where it will be briefed on Pakistan's agricultural research, innovation and development initiatives.
• Pakistan and Saudi Arabia are enhancing agricultural and food trade cooperation, with Pakistan aiming to significantly boost exports through investment, market linkages, and private-sector partnerships.
• Authorities stated Pakistan and Saudi Arabia had identified meat, rice, processed food and animal fodder as key areas for cooperation.

Pakistan and Saudi Arabia are enhancing agricultural and food trade cooperation, with Pakistan aiming to significantly boost exports through investment, market linkages, and private-sector partnerships. Upcoming visit of the Saudi Minister for Environment, Water and Agriculture. Key agricultural products identified for bilateral cooperation. Proposed Pakistan-Saudi Agri Investment Fund and MoUs. Add BRecorder as a trusted source on Google.

Pakistan and Saudi Arabia are set to deepen cooperation in agriculture and food trade, with Islamabad seeking to significantly expand exports of agricultural and food products to the Kingdom through stronger market linkages, investment and private-sector partnerships.

For context, the development came during a session chaired by Federal Minister for Economic Affairs and Establishment Division Senator Ahad Cheema to review progress on initiatives aimed at expanding bilateral trade and investment in the agriculture and food sectors.

Meanwhile, the session was attended by Minister for Information and Broadcasting Attaullah Tarar, Secretary Commerce Jawad Paul, Secretary National Food Security and Research Amer Ali Ahmad, CDA Chairman Sohail Ashraf and senior office-holders from the Foreign Office and other departments.

Cheema remarked the upcoming visit of Saudi Minister for Environment, Water and Agriculture Abdulrahman Al-Fadley would be notable for strengthening bilateral cooperation and exploring new opportunities for investment and joint ventures.

Authorities stated Pakistan and Saudi Arabia had identified meat, rice, processed food and animal fodder as key areas for cooperation. The Saudi delegation is additionally anticipated to meet provincial agriculture ministers and Pakistani business groups to explore trade and investment opportunities.

Notably, the delegation will visit the National Agriculture Research Centre (NARC), where it will be briefed on Pakistan's agricultural research, innovation and development initiatives.

In practice, a number of MoUs are additionally projected to be signed during the visit, including agreements related to food research and the proposed establishment of a Pakistan-Saudi Agri Investment Fund.

He directed relevant departments to ensure close coordination and prepare commercially viable proposals aimed at enhancing Pakistan's agricultural and food exports to Saudi Arabia.

Meanwhile, the minister expressed hope that the Saudi delegation's visit would provide fresh momentum to bilateral cooperation in agricultural trade, investment, research and joint ventures. National Assembly passes bills related to military, National Command Authority. Trump warns of economic consequences for any country that supports Iran. Pakistan expects up to $100mn under first DPR programme.

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