ISLAMABAD, November 2, 2026 — Pakistan and Saudi Arabia have discussed accelerating the signing and implementation of a proposed free trade agreement between Pakistan and the Gulf Cooperation Council (GCC), as both countries seek to expand economic cooperation.
The issue was raised during a meeting between Federal Minister for Commerce Jam Kamal Khan and Saudi Ambassador Dr Rajeh Albugamy in Islamabad, according to an official statement issued on October 31.
The two sides discussed opportunities to strengthen bilateral trade, attract investment and expand cooperation in agriculture and industrial development.
The commerce minister said the proposed Pakistan–GCC agreement could improve market access for Pakistani products and create opportunities for businesses seeking to expand their presence in Gulf markets.
He also highlighted the importance of improving domestic production capacity, product quality and industrial competitiveness to meet the requirements of Saudi buyers.
The discussions come as Saudi Arabia continues to pursue economic diversification under its Vision 2030 programme, creating potential opportunities for foreign suppliers and investors.
Pakistan is seeking to strengthen its export base and encourage greater private-sector participation in trade with Saudi Arabia.
The Saudi ambassador expressed support for closer economic relations, including cooperation in agriculture and regional connectivity.
Both sides agreed to maintain regular engagement to identify commercial opportunities and advance their shared priorities.
The GCC comprises Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Bahrain and Oman. A free trade agreement could eventually provide Pakistani exporters with broader access to these markets, depending on its final terms.
For Pakistani businesses, the eventual impact will depend on the agreement’s negotiated provisions and their ability to meet Gulf market requirements.