Pakistan, Saudi Arabia vow to increase cooperation between small and medium enterprises

ISLAMABAD: Pakistan’s Minister for Industries and Production Rana Tanveer Hussain met with Saudi Arabia’s Governor of Small and Medium Enterprises General Authority Sami bin Ibrahim Al-Husseini on Thursday agreed to enhance cooperation between the two countries in the SME sector.

Hussain departed for the Kingdom this week to attend the two-day UN Multilateral Industrial Policy Forum being held in Riyadh from Oct. 23-24. 

The Pakistani minister engaged with international delegates to discuss strategies for enhancing industrial growth and sustainable practices during his visit. On Thursday, he met Saudi Arabia’s governor for small and medium enterprises general in Riyadh, Pakistan’s ministry of industries and production said.

“Both sides discussed matters of mutual interest,” the statement said. “Cooperation among small and medium enterprises will be increased.”

The ministry said both sides also agreed to increase the number of visits by business professionals to their countries. 

Pakistan has been seeking to strengthen trade and investment ties, particularly with the Kingdom, whose leadership reaffirmed its commitment this year to expedite a $5 billion investment package for the South Asian country.