Saudi Arabia and Pakistan have signed several Memorandums of Understanding (MoUs) aimed at boosting bilateral trade and investment. According to a report by Pakistan’s Dawn News, the agreements were signed on Thursday, October 10, marking a significant moment in the two nations’ economic partnership.
The $2.2 billion investment was praised by Pakistan’s Prime Minister Shehbaz Sharif, who highlighted the importance of the financial infusion for Pakistan’s development. Speaking at the MoU signing ceremony, Sharif acknowledged the strong commitment of Saudi Crown Prince Mohammed bin Salman towards Pakistan’s progress.
Sharif further expressed confidence in the growing strength of the bilateral cooperation, stating that the Pakistani government will ensure all necessary measures to implement the agreements effectively.
“The economic relations and cooperation between Pakistan and Saudi Arabia will only grow stronger in the future,” the Prime Minister said. He emphasized that the two countries share decades of brotherly relations, and this investment will serve as a critical milestone in reinforcing the economic bond between them.
Sharif also appreciated Saudi Arabia’s continuous support for Pakistan, particularly during times of crisis, underscoring the significance of this investment in enhancing mutual economic relations.