The committee is co-chaired by Minister for Climate Change Musadik Masood Malik and Lt. Gen. Sarfraz Ahmad, National Coordinator of the Special Investment Facilitation Council (SIFC). It includes senior ministers from economic, power, commerce, food security, communications, IT, and industry portfolios. Members will provide fortnightly progress reports to the Prime Minister, with the SIFC Secretariat offering administrative and logistical support.

The committee will manage negotiations, oversee assigned projects, and prepare a potential economic agreement between Islamabad and Riyadh. Officials have indicated this agreement could be finalized within the month.

In 2023, Saudi exports to Pakistan were valued at around $4.65 billion, while Pakistan’s exports to the Kingdom, including rice, cereals, and meat, amounted to $138 million. By 2024, Pakistan’s exports rose to $734 million. Officials expect the upcoming agreement to address trade imbalances and create further opportunities for Pakistani exports.

Last year, a Saudi delegation signed 34 memorandums of understanding (MoUs) with Pakistan in energy, infrastructure, technology, and food security sectors, valued at approximately $2.8 billion. The new committee will monitor implementation of these agreements.

Saudi Arabia has also pledged a $5 billion investment package. According to officials, this package is intended to support Pakistan’s foreign reserves and contribute to industrial and energy sector growth.

Nearly 2.6 million Pakistanis live and work in Saudi Arabia, contributing significantly through remittances. The committee will also coordinate with Saudi counterparts to facilitate investments and enhance trade between the two countries.

Sharif’s visit comes at a time when Pakistan is increasingly engaging in regional defense and diplomatic initiatives.

Pakistan’s Prime Minister Shehbaz Sharif met with U.S. President Donald Trump at the White House on Thursday, in a high-profile engagement that signals a renewed era of strategic and economic collaboration between the two nations. Accompanied by Army Chief Field Marshal Asim Munir, Sharif highlighted key areas where American investment could support Pakistan’s development while strengthening bilateral ties.

During the meeting, Sharif invited U.S. companies to explore opportunities in Pakistan’s agriculture, technology, mining, and energy sectors. His office noted that these sectors represent significant potential for long-term growth and sustainable development. Previously, President Trump had encouraged American companies to explore oil exploration opportunities in Pakistan, underscoring the alignment of economic and strategic interests between the two countries.

“The Prime Minister expressed confidence that under President Trump’s leadership, the Pakistan-U.S. partnership would be further strengthened for the mutual benefit of both nations,” said the official statement from the Prime Minister’s office. The meeting highlighted a shared vision of collaboration that extends beyond economic interests, reflecting a commitment to long-term partnership and regional stability.

The discussions also addressed pressing regional security concerns, with a particular focus on efforts to achieve peace in the Middle East. Sharif praised President Trump’s proactive diplomacy aimed at resolving the ongoing conflict in Gaza. Earlier in the week, Pakistan participated in meetings on the sidelines of the United Nations General Assembly, where President Trump presented a 21-point plan to leaders of Muslim-majority nations. U.S. special envoy Steve Witkoff expressed confidence that the plan could pave the way for tangible breakthroughs, with Pakistan playing a constructive role.

This engagement marks the first meeting between a Pakistani civilian leader and President Trump at the White House since his first term, when former Prime Minister Imran Khan was hosted in 2019. The presence of Army Chief Munir, who wields substantial influence in Pakistan’s political and military spheres, reinforced the message of civil-military coordination in shaping the country’s foreign and economic policy.

Sharif’s visit comes at a time when Pakistan is increasingly engaging in regional defense and diplomatic initiatives. Earlier this month, the country formalized a mutual defense agreement with Saudi Arabia, highlighting its growing influence in Middle Eastern security affairs. As the only nuclear-armed Muslim-majority nation with one of the largest standing armies, Pakistan is positioning itself as a key partner for stability in the region while promoting economic development.

The White House meeting underscores Pakistan’s proactive approach to strengthening economic partnerships. By offering investment opportunities in strategic sectors, Pakistan aims to attract foreign capital that can drive innovation, technological advancement, and sustainable growth. Analysts note that such engagement with American investors can enhance Pakistan’s industrial and agricultural productivity, while also boosting energy security and infrastructure development.

Furthermore, the meeting reflected a broader diplomatic effort to align economic incentives with regional peace initiatives. Pakistan’s leadership emphasized that collaboration with the United States is not limited to financial investment but extends to shared objectives in peace-building, regional stability, and strategic defense planning. This dual focus on economic and diplomatic engagement represents a modern approach to international partnerships, blending commercial interests with geopolitical foresight.

Observers argue that Pakistan’s overtures signal a strategic recalibration. By inviting American investment and participating actively in regional peace efforts, the country is demonstrating its reliability as a partner for international investors and global diplomatic stakeholders. This approach also reinforces Pakistan’s commitment to playing a constructive role in addressing conflicts in the Middle East while maintaining robust bilateral relations with the United States.

The meeting between Prime Minister Sharif and President Trump is being viewed as a milestone in the ongoing effort to strengthen U.S.-Pakistan ties. It reflects mutual recognition of the benefits of collaboration in areas of shared interest and highlights Pakistan’s readiness to take on a greater role in international economic and security initiatives. With a focus on long-term cooperation, both nations appear poised to deepen their partnership for mutual economic growth and regional stability.