Prime Minister Shehbaz Sharif emphasized that Pakistan and Saudi Arabia are advancing in unison to enhance their fraternal relations. Speaking alongside Saudi Minister of Investment Khalid bin Abdulaziz Al-Falih in Riyadh, Sharif commended Saudi Crown Prince Mohammed Bin Salman’s leadership, envisioning a shared path toward growth and prosperity for both nations and the broader Muslim Ummah.
He extended his gratitude to Saudi Arabia for its support in securing Pakistan’s International Monetary Fund (IMF) program. Highlighting the productivity of his discussions, the Prime Minister expressed satisfaction over the mutually beneficial projects that were discussed, adding that agreements signed in recent weeks have now progressed to the implementation phase.
Sharif announced a potential visit to Saudi Arabia in mid-next month, with optimism that significant milestones will be reached on ongoing projects. He further noted Pakistan’s commitment to providing skilled labor, which would contribute to Saudi Arabia’s economic development.
Saudi Minister of Investment Khalid bin Abdulaziz Al-Falih reflected on his recent visit to Pakistan, during which twenty-seven Memorandums of Understanding (MoUs) valued at $2.2 billion were signed. Since then, the number of MoUs has increased to thirty-four, with a cumulative value now reaching $2.8 billion.
Minister Al-Falih disclosed that five of these agreements are already operational and funded, generating tangible benefits for both countries. Some agreements have facilitated exports from Pakistan to Saudi Arabia. Additionally, a Saudi investor has acquired land to construct a comprehensive Medical Complex, marking a significant investment in Pakistan’s healthcare sector.
The collaborative projects underscore the expanding economic ties between Pakistan and Saudi Arabia, with both nations actively pursuing initiatives that align with their mutual objectives.
