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Pakistan, Saudi Arabia agree on investment modalities for ratification of FTA with GCC

Pakistan

Pakistan, Saudi Arabia agree on investment modalities for ratification of FTA with GCC

Pakistan and Saudi Arabia have reached consensus on investment modalities, paving the path for ratification of a free trade agreement with the Gulf Cooperation Council (GCC).

Announcing this in a tweet on social media platform X on Sunday, Caretaker Minister for Information and Broadcasting Murtaza Solangi said the agreement had been pending for the last 19 years.

He expressed the hope that if approved, this will mark the first trade and investment agreement that the GCC enters into with Pakistan in the past 15 years.