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Pakistan & Saudi Arabia Strengthen Economic & Strategic Ties During PM Shehbaz's Jeddah Visit
PM Shehbaz Sharif meets Crown Prince Mohammed bin Salman (MBS) in Jeddah to discuss trade, investment, energy & defence cooperation.
ND
by News Desk
2025-03-20
Pakistan & Saudi Arabia Strengthen Economic & Strategic Ties During PM Shehbaz's Jeddah Visit

Jeddah, Saudi Arabia: Prime Minister Shehbaz Sharif is on a four-day official visit to Saudi Arabia, engaging in high-level talks with Crown Prince Mohammed bin Salman (MBS) and Saudi officials to enhance bilateral economic & strategic cooperation.

Key Meetings & Discussions

PM Shehbaz & MBS held a bilateral meeting in Jeddah, reaffirming their commitment to:
Expanding trade, investment & energy cooperation
Boosting defence & security collaboration
Enhancing people-to-people ties, cultural exchanges & educational initiatives

PM Shehbaz on X:

"We had a most productive discussion on ways to further strengthen Pakistan-Saudi Arabia ties in trade, investment, energy and security. Thanked His Royal Highness for the Kingdom’s consistent support to Pakistan."

The Saudi Crown Prince also acknowledged the contributions of Pakistani expatriates, vowing to enhance their welfare in the Kingdom.

Economic Cooperation & Investment Talks

Saudi Minister for Investment Khalid Al Faleh met with PM Shehbaz and expressed Saudi Arabia’s keen interest in deepening economic collaboration.

Discussions focused on:
Attracting Saudi investments in Pakistan’s energy, agriculture, infrastructure & technology sectors
Expediting investment projects under the Special Investment Facilitation Council (SIFC)
Increasing bilateral trade & economic integration

In April 2024, PM Shehbaz & MBS agreed to expedite a $5 billion Saudi investment package for Pakistan.
Saudi Arabia has signed 34 MoUs with Pakistan, with 5 already operational.

What’s Next?

Both countries have reaffirmed their long-term economic partnership, with Pakistan offering investment-friendly policies to Saudi businesses.
Tagged:

EconomicGrowth

PakistanSaudiRelations

PMShehbazSharif
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