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Pakistan, Saudi Arabia Launch Economic Cooperation Framework to Boost Trade and Investment
Pakistan and Saudi Arabia have launched a new Economic Cooperation Framework to deepen trade, energy, and investment ties — marking a new chapter in their strategic partnership.
MH
by Muhammad Hashir
2025-10-28
Pakistan, Saudi Arabia Launch Economic Cooperation Framework to Boost Trade and Investment

Pakistan and Saudi Arabia on Tuesday formally launched the Economic Cooperation Framework, a landmark initiative designed to expand bilateral trade, investment, and development collaboration between the two nations.

According to a statement issued by Pakistan’s Foreign Office, the decision was reached following a high-level meeting between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman on the sidelines of the Ninth Edition of the Future Investment Initiative (FII9) in Riyadh.

The FII9 summit gathered global leaders, investors, and innovators to explore the theme “The Key to Prosperity: Unlocking New Frontiers of Growth.” Discussions centered around innovation, sustainability, economic inclusion, and global shifts.

Under the newly launched framework, both countries have agreed to explore several strategic and high-impact projects in key sectors including energy, industry, mining, information technology, tourism, agriculture, and food security. The agreement also opens the door to joint economic projects, such as an electricity interconnection initiative and enhanced cooperation in the energy field.

“This framework represents an extension of both countries’ efforts to strengthen their fraternal relations and reaffirms their shared vision toward building a sustainable partnership across various economic, trade, and investment fields,” the FO statement noted.

Information Minister Attaullah Tarar celebrated the announcement, describing it as “another historic chapter” in Pakistan-Saudi relations. He said the development marked a “high point” in the partnership, cementing cooperation in trade, energy, and investment.

The launch builds upon an already robust relationship rooted in strategic, economic, and religious ties. Saudi Arabia remains one of Pakistan’s most reliable economic partners, providing vital energy supplies and financial assistance during times of need.

Last month, both countries strengthened their alliance further by signing a Strategic Mutual Defence Agreement in Riyadh. The accord declared that any aggression against one nation would be considered an act of aggression against both, reinforcing their shared commitment to regional peace and collective security.

In recent years, bilateral engagement has surged. In 2024, Pakistan and Saudi Arabia signed 34 Memoranda of Understanding (MoUs) worth $2.8 billion, following an earlier batch of 27 MoUs valued at $2.2 billion.

The new Economic Cooperation Framework now signals a significant deepening of this partnership, aligning both countries’ long-term economic visions and further solidifying their role as key allies in the Muslim world.
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