- PM Shehbaz Sharif to reach Saudi Arabia on a four -day visit.
- Will meet the crown prince Mohammed bin Salman during his stay.
- Two parties to discuss questions of mutual interest, bilateral links.
Islamabad: Prime Minister Shehbaz Sharif should leave for Saudi Arabia during a four -day visit from March 19 to 22 to strengthen bilateral links, strengthen economic cooperation and promote investments between the two countries.
According to a statement published by the Ministry of Foreign Affairs (MOFA), Prime Minister Shehbaz is expected to meet the Saudi Crown Prince Mohammed Bin Salman where the two leaders will discuss and deliberate means of strengthening trade, improving partnership in the key sectors and facilitating greater economic collaboration.
“Questions of mutual interest and concern, including global and regional developments,” noted the declaration.
The Prime Minister’s visit underlines the historic relations deeply rooted between Pakistan and Saudi Arabia and will open the way to increased mutual understanding, increased cooperation in trade, investment and greater diplomatic coordination on bilateral, regional and global issues.
The Prime Minister’s visit comes in response to the invitation by the Saudi crown prince with The news Note that the first would take the opportunity to spend a few days in Makkah and Madina and that the coastal city of Jeddah where he would meet King Salman Bin Abdul Aziz.
It should be noted that the Prime Minister, in October 2024, had visited the kingdom to participate in the 8th edition of the future investment initiative (FII), held under the patronage of King Salman.
The same month, Islamabad and Riyadh had signed several understanding memorandums (MUS), worth more than $ 2 billion, to stimulate bilateral trade and investment during Islamabad’s visit to a Saudi delegation, led by the Minister of Investment Khalid Bin Abdulaziz Al-Falih.
The agreements include an investment of $ 70 million in the agriculture sector, the creation of an advanced manufacturing of semiconductor chips in Saudi Arabia, the creation of a textile industry, a white oil pipeline project, a memorandum of understanding to explore investment opportunities, a hybrid power project, the development of the manufacturers’ manufacturing installation in countries, Pakistans cyber security.