LAHORE, OCT 12 /DNA/ – The Pakistan Industrial & Traders Associations Front (PIAF) warmly welcomed the recent signing of memorandums of understanding between Pakistan and Saudi Arabia focusing on youth development, technology, and sports.
PIAF Chairman Faheemur Rehman Saigol, who is also LCCI president, lauded the step as a significant stride towards strengthening bilateral ties and fostering economic collaboration through innovation and skill development.
Faheem highlighted the importance of the agreements signed between the representatives of both countries, emphasizing their potential to boost Pakistan’s youth empowerment and technological advancement.
“These MoUs underscore a pivotal moment for Pakistan’s future,” Faheem stated. “Collaboration in IT education, joint training programs, and youth exchanges will serve as catalysts for innovation and entrepreneurial growth. The inclusion of sports further enriches cultural ties and holistic development, creating avenues for youth to excel on multiple fronts.”
The Senior Vice Chairman Nasrullah Mughal expressed optimism about the MoUs’ impact on Pakistan’s burgeoning technology sector. “Harnessing the talent of our youth through structured programs and technological exchange with Saudi Arabia can accelerate Pakistan’s digital transformation. We urge stakeholders to leverage these partnerships for research and development, innovation hubs, and start-up incubation.”
The Vice Chairman Tahir Manzoor Chaudhary pointed to the broader economic opportunities the agreements present. “This collaboration is not just about education and sports; it opens doors for deeper industrial linkages, especially in sectors like petrochemicals, agriculture, and manufacturing. We must align industry strategies with government initiatives to ensure sustainable job creation and investment inflows.”
PIAF also expressed appreciation for the active engagement of both countries in identifying viable investment projects. “The emphasis on petrochemical infrastructure and agro-based industries complements our vision for industrial growth,” Faheem added. “We commend all stakeholders for their efforts and urge the establishment of joint task forces to monitor progress, enhance transparency, and ensure these collaborations translate into real economic benefits.”
In light of the MoUs and ongoing discussions, PIAF proposes the following measures for further strengthening bilateral ties: establish centers of excellence focused on AI, cybersecurity, and green technologies staffed by youth researchers from both countries; develop accredited vocational training and certification aligned with international standards to increase workforce mobility and employability; encourage collaboration between government bodies, private enterprises, and academic institutions to co-create sustainable development models; expand sporting and cultural exchanges to build mutual understanding and social cohesion beyond economic cooperation; and create a dedicated desk to assist investors with regulatory guidance, project feasibility, and local partnerships.
Faheem Saigol stated, “This moment offers a unique opportunity to reimagine Pakistan-Saudi relations beyond traditional diplomacy, focusing on youth, innovation, and industry as pillars of shared prosperity. We stand ready to support and drive initiatives that unlock the vast potential of this partnership.”
