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Pak-Saudi JMC for reactivating Pak-Saudi Joint Business Council
Pic17-010 ISLAMABAD: Jan 17 – Pak-Saudi co-chairs Pervaiz Malik, Minister for Commerce, Pakistan and Dr. Majid bin Abdullah Alqasabi, Minister of Commerce & Investment, Saudi Arabia exchanging documents after signing protocol of 11th Pak-Saudi JMC session. ONLINE PHOTO

Pak-Saudi JMC for reactivating Pak-Saudi Joint Business Council

ISLAMABAD: Pakistan-Saudi Arabia Joint Ministerial Commission, called for reactivating Pak-Saudi Joint Business Council (JBC) by first quarter of 2018 followed by the first meeting of the council.

For focused and regular sectoral liaison, both sides agreed to nominate the focal persons from both sides for cooperation in the fields of trade, energy, investment, education, agriculture, etc.

Pakistan offered Saudi Civil Aviation training courses at Civil Aviation Training Institute, Hyderabad in the field of air traffic control, communication, navigation and surveillance engineering and aviation management.

Pak-Saudi JMC held concluding session here co-chaired by Commerce Minister Mohammad Pervaiz Malik, and Saudi Minister for Trade and Investment Dr Majid bin Abdullah Al Qasabi and signed Protocol of the Session. JMC focused on issues, especially focusing on trade, commerce, energy, consular affairs, education, health and other matters of mutual interest.

As per protocol of session, both the both sides agreed to hold exhibitions of new products in each other’s countries. First single country exhibition of Pakistan in Saudi Arabia will be held in the second half of 2018. Both sides agreed to review and simplify the procedure of business visa issuance. The business visa fee will also be rationalized.

A Commercial Attache will soon be designated in Saudi Embassy, Islamabad. Pakistani side stressed the importance of cooperation between Saudi oil and gas companies to develop oil production in Pakistan including setting up of refineries.

Both sides agreed to expedite negotiations to finalize the MoU between Central Banks of two countries. Both side will exchange and share security information and the expertise in the field of combating terrorism, organized crimes and money laundering.  The Saudi side praised the Pakistani pilgrims. A draft agreement on the Transfer of Sentenced Prisoners is likely to be signed at an early date.

The Commission encouraged exchange visits of the officials from the media field, share television cultural programs and documentaries, facilitate the missions of the official radio and television delegations between the two countries.

The Saudi side informed that there is a Saudi Royal Decree to establish labor Attache in Pakistan and one of the mandate of this Attachee is to approve the labor training centers to train manpower in accordance with the Saudi requirements.

It was agreed to encourage cooperation in the fields of scientific researches, exchange of scholarships and experiences in health teaching and medical staff and exchange of student visits.

The Pakistani side requested increasing scholarships for Pakistani students studying in Saudi universities. There will be cooperation in science and technology and exchange of research expertise.