An Economic Analysis of Pak–Saudi Trade Relation Between 2000 and 2011
Alam, Aftab . 2013
The Gulf region and South Asia represent the surrounding geographical entities with Pakistan. Pakistan has strong religious, economic, social, culture, historical and strategic relation with Saudi Arabia and Gulf Co-operation Council (GCC) countries, based on common political, economic and security interest. The mutual relations between the Kingdom of Saudi Arabia and Islamic republic of Pakistan is brotherly and friendly since the independence of Pakistan. This relation was further strengthened by ex- prime mister of Pakistan; Mr. Zulfiqar Ali Bhutto. Being politically dominant states of the Islamic world, Pakistan and Saudi Arabia have developed a very good commercial and Geo-strategic relationship. Saudi Arabia is the largest Peninsula/Gulf and the home of the two religious holiest cities of Islam; Mecca Mukaramh and Madina Monawarah, the destination of all Muslims pilgrims from all over the world. Pakistan and Saudi Arabia have maintained respectable relation which is improving with the passage of time. Economic and commercial relations between the Kingdom of Saudi Arabia and Pakistan, brotherly relations between the people of Saudi Arabia and Pakistan are deeply rooted and cover a wide spectrum. Saudi Arabia is among the 15 export partners of Pakistan and the mutual trade volume is more than 4 billion US dollars per year and a future increase is expected.
Key words: Economic analysis, Trade relation, Economic integration, Kingdom
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