Pakistan and Saudi Arabia have finalized seven agreements worth $560 million, marking a significant step in strengthening their strategic partnership. This development follows the signing of 34 memoranda of understanding (MoUs) between the two nations, demonstrating a shared commitment to expanding investment across diverse sectors.
Prime Minister Shehbaz Sharif chaired a high-level meeting in Islamabad to review the progress of these agreements. He highlighted the importance of the partnership with Saudi Arabia and praised the efforts of the Pakistan-Saudi Arabia Joint Task Force, which held its second meeting in November.
During the briefing, PM Sharif was updated on the formalization of seven MoUs into binding agreements covering vital sectors, reflecting the deepening collaboration between the two countries.
The meeting was attended by senior officials, including Deputy Prime Minister Ishaq Dar, Federal Minister for Economic Affairs Ahad Khan Cheema, and Finance Minister Muhammad Aurangzeb. The premier commended the progress made on bilateral projects and reiterated Pakistan’s dedication to enhancing cooperation in areas such as economic development, energy, and infrastructure.
“Saudi Arabia has consistently been a dependable partner, standing by Pakistan in difficult times,” PM Sharif remarked, affirming the government’s resolve to further strengthen these ties.
Sources confirmed that PM Sharif will embark on a two-day visit to Saudi Arabia starting tomorrow. His itinerary includes participation in the Water Summit and other sideline engagements during COP 16. He will be accompanied by key officials, including Federal Minister for Information Atta Tarar and Federal Minister for Petroleum Musaddiq Malik.
