Pakistan keen to elevate Pakistan-Saudi ties into strategic economic partnership: PM

Pakistan is keen to elevate its economic relationship with Saudi Arabia into a mutually beneficial strategic economic partnership in line with the vision of Saudi Crown Prince and Prime Minister Mohammed bin Salman, Prime Minister Muhammad Shehbaz Sharif said on Tuesday. A high-level Saudi business delegation, led by Chairman of the Saudi-Pak Joint Business Council Prince Mansour bin Mohammad Al Saud, called on the PM at the Prime Minister’s House, a government news release said. During the meeting, PM conveyed his regards to Saudi King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman and discussed avenues for expanding economic cooperation and investment between the two countries. PM recalled Prince Mansour’s earlier visits to Pakistan and expressed hope that the current visit would build on those discussions and culminate in the signing of memorandums of understanding and agreements across multiple sectors. The Saudi side conveyed interest in investment opportunities in agriculture, ports, highways, airport outsourcing, real estate, energy, power distribution and information technology, the release said. PM welcomed the Saudi interest and said it was an opportune time for collaboration between the two countries through both government-to-government and business-to-business cooperation. Prince Mansour thanked PM for the reception and reaffirmed the Saudi government’s and business community’s continued interest in deepening business-to-business engagement with Pakistan. The delegation is meeting 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, Awais Ahmed Leghari and Muhammad Hanif Abbasi, as well as other senior officials, attended the meeting.

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