Dear Waqar,
AFAIK, main benefit will be in the form of opportunity to practice engineering (work as an engineering professional) within other Signatory i.e full member countries of the Accord, as the engineering qualifications of Pakistani Engineers will be acceptable to them now. Other requirements of Licensing Authorities of these countries, as and where applicable, would also need to be fulfilled.
Further details about Washington Accord, including list of Signatories & FAQs, may be checked at the following link:
http://www.abet.org/global-presence/mutual-recognition-agreements/engineering-washington-accord/
Regards.