KARACHI: Pakistan and Saudi Arabia have signed two memorandums of understanding (MoUs) in order to increase cooperation in information technology and sports, indicating a an important move in strengthening bilateral engagement with a focus on youth development and technological advancement.
The Letters of Intent (LoIs) were signed during a ceremony held at the Governor House in the presence of Saudi-Pakistan Joint Business Council (SPJBC) Chairman Prince Mansour bin Mohammad bin Saad Al Saud and Sindh Governor Kamran Khan Tessori.
Saudi Ambassador Nawaf Saeed Al-Malki, Consul General Mohammed Abdullah Al-Subaie, and Pakistan’s Ambassador to Saudi Arabia Ahmed Farooq also attended the event.
Furthermore, both nations will collaborate on initiatives related to IT education, youth exchange programmes, joint training, and sporting events.
These initiatives are designed to strengthen people-to-people ties and promote skills development among the youth of both countries.
In addition, the Governor Tessori mentioned the deep-rooted friendship between Pakistan and Saudi Arabia, describing it as a relationship built on mutual respect and public goodwill.
He said cooperation in technology and sports would open new avenues for young people, enabling them to contribute effectively to both economies.
Moreover, Governor Tessori announced plans for a friendly cricket match between Pakistan and Saudi Arabia as part of efforts to promote cultural exchange and social harmony.
Prince Mansour also met with the leadership of the Karachi Chamber of Commerce and Industry (KCCI) to explore new opportunities for trade and investment.
The KCCI delegation, led by Businessmen Group Chairman Zubair Motiwala, discussed potential Saudi investment in petrochemicals, agriculture, manufacturing, and information technology.
Meanwhile, the KCCI representatives urged Saudi investors to consider financing a naphtha cracker project in Pakistan to develop the petrochemical value chain and reduce dependence on imported raw materials.
They also proposed partnerships in agribusiness, food processing, and livestock development, stressing that such ventures could boost rural incomes and exports.
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The MoUs and the Saudi business delegation’s engagements in Karachi underscore renewed momentum in Pakistan-Saudi relations, reflecting shared goals of youth empowerment, industrial growth, and technological collaboration.
