3 months ago

Pakistan and Saudi Arabia have committed to enhancing their defense cooperation in response to regional challenges.

Key Takeaways from Pakistan-Saudi Arabia Talks:

  1. Strengthening Defence & Security Cooperation:

    • Pakistan and Saudi Arabia reaffirmed their commitment to enhancing defence ties and regional security collaboration.
    • The meeting included Pakistan’s Army Chief General Asim Munir, highlighting military cooperation.
  2. Deepening Economic Ties & Investments:

    • Saudi Arabia expressed strong interest in investing in Pakistan across multiple sectors, including energy, infrastructure, agriculture, and technology.
    • Discussions centered on expediting the $5 billion Saudi investment package announced in April 2024.
    • Saudi Arabia’s investment in Pakistan has been steadily increasing, with 34 MoUs signed and five already operational.
  3. High-Level Bilateral Talks:

    • PM Shehbaz Sharif met Saudi Crown Prince Mohammed bin Salman (MBS) to discuss trade, energy, security, and investment.
    • PM Shehbaz thanked the Kingdom for its continued support and praised its role in regional peace efforts.
  4. Saudi Support for Pakistan’s Economic Growth:

    • Saudi Arabia remains a key economic partner, providing financial assistance, oil supplies, and investment opportunities.
    • Saudi Investment Minister Khalid Al Faleh reaffirmed the Kingdom’s commitment to boosting Pakistan’s economy through long-term collaboration.
  5. People-to-People & Cultural Ties:

    • Both leaders agreed to strengthen cultural exchanges, education collaboration, and the welfare of Pakistani expatriates in Saudi Arabia.

Pakistan and Saudi Arabia are deepening strategic ties, with a focus on defence, trade, and investment. The visit reflects Saudi Arabia’s growing role in Pakistan’s economic stability and its long-term commitment to fostering regional security and cooperation.

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