Pakistan, Saudi Arabia to Enhanced Strategic, Economic Relations

APP 

Islamabad: Saudi Foreign Minister Prince Faisal bin Farhan Al Saud called on Prime Minister Muhammad Shehbaz Sharif on Tuesday, wherein the two sides reiterated their commitment to strengthening bilateral relations focused on mutually beneficial economic cooperation.

 Led by Foreign Minister Prince Faisal bin Farhan, the high-powered Saudi delegation arrived here Monday on a two-day visit, essentially to expedite follow-up on the understanding reached between Prime Minister Muhammad Shehbaz Sharif and Saudi Crown Prince Mohammad bin Salman during their recent meeting in Makkah Al Mukarramah to enhance bilateral economic cooperation.

 Recalling his warm and productive meeting with the Saudi crown prince, the prime minister said that the Saudi delegation’s visit after his recent visit was a manifestation of the strong commitment of both countries to the strengthening of bilateral relations focused on mutually beneficial economic cooperation, according to a PM Office press release. 

In this regard, he said that both sides needed to work closely to expedite the first phase of Saudi investments in Pakistan under the new arrangement. 

During the meeting, the prime minister expressed his deep appreciation for the Saudi leadership and conveyed his sincerest wishes to the custodians of the Two Holy Mosques, King Salman bin Abdul Aziz Al Saud and Crown Prince Mohammed bin Salman bin Abdul Aziz Al Saud.

Prime Minister Shehbaz underscored the significance accorded by Pakistan to its longstanding fraternal, economic, and strategic relations with Saudi Arabia and said that both countries had always stood together at all times. 

He informed the delegation about the Special Investment Facilitation Council (SIFC) and its initiatives to promote investment in Pakistan. He also highlighted the key role of Chief of the Army Staff General Syed Asim Munir and the cooperation of all institutions for the promotion of investment in the country through SIFC.

The Saudi foreign minister expressed gratitude for the warm welcome accorded to his delegation and highlighted that Saudi Arabia attached high importance to its strong and close ties with Pakistan. 

He also conveyed the Kingdom’s commitment to an enhanced strategic and economic partnership with Pakistan.

The escalating situation in the occupied Palestinian Territories was also discussed.