Business leaders call for Pakistan‑Saudi Agri‑Food Export Task Force
Mian Zahid Hussain urges the creation of a joint Pakistan‑Saudi Arabia agri‑food export task force with product targets and monthly reporting to boost food exports to the Kingdom.
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Desk Analysis
How This Affects the Exchange
Sector Effect
Neutral · Watch
Potential boost to agri‑food exports but no immediate clear effect on listed PSX sectors; watch for policy developments.
Sectors & Direction
Desk read
Desk call: Watch · Neutral effect
- EconomyNeutral effect
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Companies
Mentions in This Briefing
Sectors: Economy, Markets — Neutral · Watch. PSX tickers: UBL, INDU. Potential boost to agri‑food exports but no immediate clear effect on listed PSX sectors; watch for policy developments.
Full Story
Open on Business Recorder## Proposal for a Bilateral Agri‑Food Export Task Force
Mian Zahid Hussain, who chairs the Pakistan Businessmen and Intellectuals Forum, the All Karachi Industrial Alliance, the National Business Group Pakistan and the Policy Advisory Board of the FPCCI, has publicly called for the establishment of a joint Pakistan‑Saudi Arabia Agri‑Food Export Task Force.
## Objectives and Structure
The proposed task force would set specific export targets for key food products, coordinate with relevant ministries and private sector bodies in both countries, and publish monthly progress reports to ensure transparency and accountability. Hussain emphasized that clear product‑wise goals and regular monitoring are essential to unlock the full potential of the Saudi market for Pakistani agri‑food items.
## Expected Benefits
He argued that a formal mechanism could streamline approvals, reduce non‑tariff barriers, and provide Pakistani exporters with reliable market intelligence. By aligning production with Saudi demand, the initiative aims to increase export volumes, generate foreign exchange earnings, and create jobs in the agricultural value chain.
## Government Response
While the proposal has been welcomed by industry stakeholders, no official response from the Ministry of Commerce or the Saudi Ministry of Environment, Water and Agriculture has been recorded at the time of writing. Hussain indicated that discussions with both governments are underway and that a formal MoU could be signed in the coming weeks.
## Implications for Investors
If implemented, the task force could improve the outlook for companies involved in food processing, packaging, and agricultural inputs. However, the impact on listed equities will depend on the speed of policy implementation and the ability of exporters to meet the set targets.
## Next Steps
Stakeholders are expected to convene a high‑level meeting within the next month to finalize the task force’s mandate, membership, and reporting framework.