Shehbaz, MBS agree to expedite first phase of $5bn Saudi investment in Pakistan
Pakistan
Shehbaz, MBS agree to expedite first phase of $5bn Saudi investment in Pakistan
- Call for halting Israel's illegal actions in Gaza
- Want Pakistan-India dialogue for regional peace
- Crown prince accepts invitation for Pakistan visit
MAKKAH (Dunya News) – Pakistan and Saudi Arabia have reaffirmed their commitment to expedite the first phase of a new Saudi investment package worth $5 billion in Pakistan.
This development came during a meeting held between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman Al Saud at the Al-Safwa Palace in Makkah Mukarramah on Monday.
According to an official communique, the discussions aimed to further strengthen the fraternal relations between Pakistan and Saudi Arabia and explore ways to enhance bilateral cooperation in various fields, including trade and investment.
During the meeting, the Saudi crown prince congratulated PM Shehbaz on assuming office and extended good wishes.
PM Shehbaz expressed gratitude to the prince for Saudi Arabia's unwavering support and hospitality, reiterating Pakistan's commitment to enhancing bilateral relations and economic cooperation.
Both leaders reaffirmed their commitment to expedite the first phase of the new $5 billion Saudi investment package in Pakistan.
They also discussed mutual interests in regional and global developments, including the concerning situation in Gaza.
Both leaders called for halting Israel’s illegal actions in Gaza, reducing human casualties, and providing robust support for aid to oppressed Palestinians.
They emphasised international pressure to compel Israel to desist from its illegal actions and adhere to international laws, stressing the need for unhindered humanitarian access to Gaza.
The two sides also discussed the importance of advancing Arab peace initiatives in conjunction with relevant agreements of the UN Security Council and General Assembly, aiming for a just and comprehensive solution for the establishment of an independent Palestinian state, with East Jerusalem as its capital.
The leaders also underscored the importance of dialogue between Pakistan and India, particularly to resolve disputes, especially the Jammu and Kashmir conflict, to ensure peace and stability in the region.
Towards the end of the encounter, PM Shehbaz extended an invitation to the Saudi crown prince for an official visit to Pakistan, which was accepted.
It is worth mentioning that the premier is on a three-day official visit to Saudi Arabia.
