Pakistan seeks strategic economic partnership with KSA: PM Shehbaz

Prime Minister Shehbaz Sharif says Pakistan is keen to elevate its economic relationship with Saudi Arabia into a mutually beneficial strategic economic partnership in line with the vision of Crown Prince Mohammed bin Salman. He was talking to a Saudi business delegation, led by Chairman of the Saudi-Pak Joint Business Council Prince Mansour bin Mohammad Al Saud, which called on him in Islamabad today. The Prime Minister discussed avenues for expanding economic cooperation and investment between the two brotherly countries while recalling the longstanding brotherly ties between Pakistan and the Kingdom. During the warm and cordial meeting, he conveyed his respectful regards to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Crown Prince and Prime Minister Mohammed bin Salman. Shehbaz Sharif recalled Prince Mansour’s earlier visits to Pakistan and expressed the hope that the current visit would build on those discussions and culminate in the signing of MoUs and agreements across multiple sectors. The Saudi side expressed interest in investment opportunities in agriculture, ports, highways, airport outsourcing, real estate, energy, power distribution, and information technology. The Prime Minister welcomed Saudi interest in these priority areas and said that this is the most opportune time for joint collaboration between the two countries, both in G2G as well as B2B cooperation. In his remarks, Prince Mansour thanked the Prime Minister for the warm reception and reaffirmed the Saudi government and business community’s continued interest in deepening business-to-business engagement with Pakistan. The delegation is meeting with a number of senior government representatives and private-sector stakeholders during its stay in Pakistan. Federal Ministers Rana Tanveer Hussain, Musadik Malik, Jam Kamal Khan, Muhammad Aurangzeb, Ataullah Tarar, Junaid Anwar Chaudhury, Ali Pervaiz Malik, Sardar Awais Ahmed Leghari and Muhammad Hanif Abbasi; Advisors Muhammad Ali and Haroon Akhtar Khan; Minister of State Bilal Azhar Kayani; SAPM Tariq Fatemi; and senior government officials were also present.