PM Shehbaz strengthens economic ties with Saudi Arabia

Pakistan and Saudi Arabia are set to enhance their economic and trade relations following high-level meetings between Prime Minister Shehbaz Sharif and Saudi officials. During a meeting with Saudi Commerce Minister Majid Al Kasabi, it was revealed that Pakistan is a top priority for investment and trade for the kingdom, as directed by Crown Prince Mohammed bin Salman. Targets have been set to boost bilateral economic ties over the next 12-18 months, with a delegation of Saudi business leaders planning to visit Pakistan soon.

Prime Minister Shehbaz emphasized the importance of fostering Saudi-Pak friendship among the youth and highlighted the significant increase in bilateral trade volume expected due to collaborative efforts. Additionally, PM Shehbaz met with billionaire philanthropist Bill Gates to discuss Pakistan's commitment to eradicating polio, with Gates praising Pakistan's efforts and stressing the importance of immunization programs.

Further discussions between Pakistan and the Bill and Melinda Gates Foundation included areas such as immunization, nutrition, and financial inclusion. PM Shehbaz sought collaboration in IT, STEM education, and disaster management, recognizing the foundation as a key partner in Pakistan's development.

During a busy weekend, PM Shehbaz secured investment assurances from Saudi Arabia and received accolades for his proactive approach. Meetings with Saudi officials, including Crown Prince Salman and Minister for Investment Khalid Al-Falih, highlighted the mutual commitment to cooperation in agriculture, IT, and energy sectors.

The engagements underscored Pakistan's strategic importance to Saudi investors, with plans for further collaboration in agriculture, mining, and technology sectors. The premier's interactions with international figures like IMF Managing Director Kristalina Georgieva reaffirmed Pakistan's dedication to economic reforms and sustainable growth.

In conclusion, the meetings between Pakistan and Saudi Arabia signal a new chapter in their economic partnership, with both countries poised to benefit from increased cooperation and investment opportunities.