Pakistan, Saudi Arabia agree to transform economic ties
Business
Pakistan, Saudi Arabia agree to transform economic ties
RIYADH (Dunya News) - Pakistan and Saudi Arabia have agreed to bring about a qualitative change in their economic, trade and investment relationship.
The understanding to the effect reached during a meeting between Prime Minister Muhammad Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman bin Abdul Aziz on the sidelines of the ‘One Water Summit’ in Riyadh.
Both the leaders expressed satisfaction at the pace of progress of the implementation of the Saudi MoUs and agreements regarding investment in Pakistan.
Prime Minister Shehbaz Sharif thanked the Crown Prince for his most genuine affection for the people of Pakistan. He reiterated his invitation to the Crown Prince to visit Pakistan at his earliest convenience. The Crown Prince responded that he was looking forward to his visit to Pakistan.
In his remarks, the Saudi Crown Prince stressed that it's important to ensure that Pakistan and Saudi Arabia enhanced meaningful cooperation that would bring about economic growth and prosperity in Pakistan.
The Crown Prince spoke of his great pleasure at meeting the Pakistani prime minister for the fifth time over the past six months. He said this was the evidence of the genuine love and affection that connect the peoples of the two countries.
CALL FOR SAFEGUARDING WATER RESOURCES
Prime Minister Shehbaz Sharif earlier urged the global community to take action to safeguard water resources.
Speaking at the ‘One Water Summit’ in Riyadh, Sharif emphasised that water scarcity was the world’s biggest challenge and required urgent measures.
He highlighted the need to preserve water resources, stating that water shortages were exacerbating drought conditions.
He also mentioned the devastation caused by the 2022 floods in Pakistan.
The prime minister praised Crown Prince Mohammed bin Salman for his Vision 2030 initiative and other climate-related efforts.
Earlier, Prime Minister Shehbaz Sharif reached Saudi Arabia on a two-day visit to participate in the summit.
Upon arriving at Riyadh’s Royal Airport Terminal, the prime minister was warmly welcomed by Prince Muhammad bin Abdul Rahman bin Abdulaziz, the Deputy Governor of Riyadh, along with Pakistan’s Ambassador to Saudi Arabia and other senior diplomatic officials.
The delegation accompanying the prime minister includes Minister for Information and Broadcasting Attaullah Tarar and Special Assistant to the Prime Minister Tariq Fatemi.
