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Home Diplomacy

Saudi Arabia and Pakistan Forge Economic Ties with $5bn Investment Package

News Desk by News Desk
April 8, 2024
in Diplomacy, Middle East
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Saudi Crown Prince meets Pakistani Premier, emphasizing dialogue between India and Pakistan
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Saudi Arabia and Pakistan have reaffirmed their commitment to strengthening economic ties through a $5 billion investment package following discussions between Saudi Crown Prince Mohammed bin Salman and Pakistan’s Prime Minister Mohammed Shahbaz Sharif in Makkah.

The meeting emphasized the Kingdom’s pivotal role in bolstering the Pakistani economy and fostering trade and investment relations between the two nations. Both leaders highlighted the significance of implementing the investment package swiftly, marking the beginning of collaborative economic endeavors.

Discussions centered on enhancing cooperation across diverse sectors, highlighting Saudi Arabia’s crucial support in fortifying Pakistan’s economy. Additionally, the leaders addressed regional and global concerns, including the Jammu and Kashmir dispute, emphasizing the importance of dialogue between Pakistan and India for regional stability.

Furthermore, they discussed the situation in Gaza, calling for international action to halt Israeli military operations and ensure unhindered access to humanitarian aid. Both leaders advocated for the implementation of relevant UN resolutions, including the Arab Peace Initiative, aimed at establishing an independent Palestinian state.

The meeting, held at the Al-Safa Palace in Makkah, saw the participation of Bahrain’s Crown Prince Salman bin Hamad Al-Khalifa, reinforcing the importance of regional cooperation and solidarity in addressing pressing issues.

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