Saudi Arabia has reaffirmed its commitment to expedite the initial phase of its $5 billion investment in Pakistan. The Saudi-Pakistani economic collaboration signals a big boost to bilateral economic cooperation between the two nations, as stated in a joint announcement released by the Office of the Spokesperson of the Ministry of Foreign Affairs on Monday.
Saudi-Pakistani Economic Collaboration Intensifies
Prime Minister Shehbaz Sharif’s recent meeting with Saudi Crown Prince Mohammed bin Salman in Makkah Al-Mukarramah highlights the mutual determination to fast-track the $5 billion investment package. Both leaders reiterated their dedication to improving economic ties and enhancing trade relations, emphasizing the important role of Saudi Arabia in Pakistan’s economic growth trajectory.
Prime Minister Shehbaz’s also invited Crown Prince Mohammed bin Salman to visit Pakistan reflecting eagerness of both nations to deepen their partnership across various sectors. The acceptance of the invitation paves the way for future high-level engagements, symbolizing a continued commitment to strengthening the longstanding fraternal ties between Saudi Arabia and Pakistan.
Strengthening Fraternal Relations and Regional Stability
The discussions between Prime Minister Shehbaz and Crown Prince Mohammed bin Salman extended beyond economic matters, extending to regional and global concerns. Both leaders emphasized the importance of international efforts to address the situation in Gaza, advocating for the cessation of Israeli military operations and the facilitation of humanitarian aid access. Additionally, they highlighted the significance of dialogue between Pakistan and India to resolve longstanding disputes, particularly the Jammu and Kashmir issue, in order to foster peace and stability in the region.
Read more: Saudi Arabia Plans to Investment in Pakistan’s Tech Industry
