Pakistan, Saudi Arabia agree on investment modalities: Solangi

By APP
December 04, 2023

ISLAMABAD: Caretaker Federal Minister for Information and Broadcasting Murtaza Solangi Sunday said that Pakistan and Saudi Arabia had reached a consensus on the investment modalities, paving the path for the ratification of a much-awaited free trade agreement with the Gulf Cooperation Council (GCC), a development that has been pending for the last 19 years.

Caretaker Federal Minister for Information and Broadcasting Murtaza Solangi speaks during an event on December 3, 2023. — X/PTVNewsOfficial

In a post on X, the minister said, “If approved, this will mark the first trade and investment agreement that the GCC has entered into with any country in the past 15 years.”