Summary
- Prime Minister Shehbaz Sharif has said Pakistan wants to transform its economic relations with Saudi Arabia into a long-term strategic economic partnership.
- The prime minister made the remarks during a meeting with Prince Mansour, chairman of the Saudi-Pakistan Joint Business Council, who was accompanied by a high-level Saudi business delegation.
- Prince Mansour reaffirmed the Saudi government and business community’s interest in expanding commercial links with Pakistan.
Prime Minister Shehbaz Sharif has said Pakistan wants to transform its economic relations with Saudi Arabia into a long-term strategic economic partnership.
The prime minister made the remarks during a meeting with Prince Mansour, chairman of the Saudi-Pakistan Joint Business Council, who was accompanied by a high-level Saudi business delegation.
According to an official statement issued in Islamabad, Prime Minister Shehbaz conveyed his respect and best wishes for Saudi King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman.
The meeting focused on expanding economic cooperation and increasing investment between Pakistan and Saudi Arabia. Both sides discussed opportunities for stronger business-to-business and government-to-government collaboration.
Prince Mansour expressed interest in investment opportunities in several key sectors of Pakistan’s economy. These included agriculture, ports, highways and the outsourcing of airport operations.
The Saudi delegation also showed interest in investment opportunities in real estate, energy, power distribution and information technology.
Prime Minister Shehbaz said the time was right to strengthen joint cooperation between the two countries through both government and private-sector partnerships.
He stressed the importance of developing stronger economic and commercial ties with Saudi Arabia and creating opportunities for increased investment.
Prince Mansour reaffirmed the Saudi government and business community’s interest in expanding commercial links with Pakistan.
During their visit, the Saudi business delegation is scheduled to meet senior government officials as well as important representatives of Pakistan’s private sector.
The meetings are expected to explore potential investment projects and identify areas where Pakistani and Saudi companies can develop joint ventures.
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