Pakistan and Saudi Arabia reaffirmed their commitment to bring the bilateral association to “new heights” and strengthen the cooperation of defense and security, recognizing the importance of collaboration efforts to address regional security challenges.
Saudi and Pakistan Arabia have long shared a multifaceted relationship rooted in mutual economic interests, strategic military cooperation and shared Islamic heritage.
Historically, these ties have covered economic assistance, energy supplies and military collaboration, and Saudi Arabia is a significant source of financial aid and oil for Pakistan.
Prime Minister Shehbaz Sharif arrived in Jeddah on Wednesday for an official four -day visit to participate in conversations with Saudi leadership to strengthen cooperation in several economic sectors.
In a bilateral meeting in Jeddah today, Saudi heir prince Mohammed Bin Salman (MBS) and Prime Minister Shehbaz discussed bilateral ties and cooperation between the two countries.
The High Level Delegation that accompanies the Prime Minister includes the Prime Minister and Minister of Foreign Affairs, ISHAQ Dar, Chief of the Army staff, General Also Munir, the Prime Minister of Punjab, Maryam Nawaz, federal ministers and senior officials.
The meeting reaffirmed strong and historical ties between Pakistan and Saudi Arabia, with discussions focused on the improvement of cooperation in the economy, trade, investment, energy and defense sectors.
During the meeting, the leaders expressed their satisfaction with the growing economic collaboration between the two nations.
The prime minister appreciated the commitment of the kingdom to increase investments in key sectors, which will contribute to the economic growth and stability of Pakistan.
The two leaders also made in -depth discussions about the “regional situation in evolution, as well as the geopolitical landscape and agreed to work closely at all levels to promote their shared vision of peace, stability and prosperity in the region.”
The Saudi heir prince recognized the contributions of the Pakistani community in the country and agreed to improve the measures to facilitate their well -being.
Both leaders emphasized the need to “strengthen people’s ties to people, cultural exchanges and educational collaboration.”
The prime minister and the heir prince reaffirmed their commitment to raise the association of Arabia of Pakistan-Saudita to “new heights, guided by mutual respect, shared interests and a common vision for progress and prosperity.”
In April 2024, Prime Minister Shehbaz made his first official trip to Saudi Arabia since he assumed the position. During the visit, he and the heir prince Salman agreed to accelerate the first wave of a Saudi investment package of $ 5 billion planned for Pakistan. The movement, according to the Saudi Press Agency, He confirmed the position of Saudi Arabia to support Pakistan’s economy.
In addition, when a Saudi delegation visited Pakistan, Prime Minister Shehbaz had assured Saudi investors that the best possible facilities would obtain and also facilitate businesses under the umbrella of the Special Investment and Facilitation Council (SIFC).
In December 2024, Prime Minister Shehbaz had attended a water summit in Riyadh, where a series of comprehension memorandes (Mou) between Pakistan and Saudi Arabia have been updated for billions of dollars in investments during the visit.
In October, Saudi Arabia Investment Minister Khalid Bin Abdul Aziz Al Faleh had confirmed that the 27 mous signed during his visit to Pakistan had increased to 34, with five of them already operational.
The Saudi Investment Minister expresses interest in deepening economic ties with Pakistan
In a separate meeting, Saudi Arabia investment minister, Sheikh Khalid Bin Abdul Aziz al Faleh, expressed the country’s interest in deepening economic ties with Pakistan.
Bilateral economic cooperation was discussed when Prime Minister Shehbaz met the Saudi Investment Minister Khalid al Faleh, and head of the Joint Task Force for the Mohammad economic commitment to Tuwaijri, during his official four -day visit.
Discussions focused on strengthening economic cooperation, attracting Saudi investments and accelerating joint initiatives in key sectors.
After extending the best wishes to the leadership of the kingdom, the Prime Minister reaffirmed Pakistan’s commitment to facilitate Saudi investors, highlighting the strategic position of the field and friendly policies with investment.
He emphasized the vast potential of Pakistan in energy, infrastructure, agriculture and technology, inviting Saudi companies to explore opportunities under SIFC.
Saudi Investment Minister Khalid Al Faleh, and the head of the Task Force, Mohammad al Tuwaijri, expressed the strong interest of Saudi Arabia to deepen economic ties with Pakistan.
They argued to improve institutional collaboration to accelerate investment projects and guarantee their implementation without problems.
The meeting stressed the commitment of both nations to promote a mutually beneficial economic relationship in the long term.
