Key Takeaways from Pakistan-Saudi Arabia Talks:
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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.
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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.
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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.
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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.
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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.