New York, 22 September 2023 (TDI): Jalil Abbas Jilani, Foreign Minister of Pakistan discussed bilateral relations with Saudi counterpart Prince Faisal bin Farhan Al Saud on the sidelines of the 78th session of the UN General Assembly, on September 19.

Jalil Abbas Jilani addressed his Saudi counterpart about his nation’s plan to create a unique organization to draw investment from the Middle East and other regions.

The Foreign office of Pakistan stated in a statement published after the meeting that both states stressed the critical importance of bilateral ties between Pakistan and Saudi Arabia.

They also decided to further advance bilateral cooperation in all aspects, including economy, commerce, energy, and investment.

The two Foreign Ministers discussed a range of bilateral relations topics as well as international and regional matters of shared concern.

In response to a severe dollar liquidity crisis, Foreign Minister Jilani commended the Saudi leadership for their generous and unflinching support, noting that it was crucial in winning a $3 billion rescue package from the International Monetary Fund (IMF).

In order to facilitate and expedite possible investments from Gulf Cooperation Council (GCC) Member States, particularly the Kingdom of Saudi Arabia, he informed the Saudi Foreign Minister of the establishment of the Special Investment Facilitation Council (SIFC).

He emphasized that it is crucial to expedite and expand mutually beneficial Pak-Saudi collaboration in sectors like IT, energy, infrastructure, and labour.

The Foreign Minister also expressed gratitude to his Saudi counterpart for hosting the more than two million strong Pakistani diasporas, which not only helped both countries grow but also served as a crucial link between the two friendly countries.

Prince Faisal bin Farhan Al Saud emphasized the cordial ties between the two countries as well as the significant contributions Pakistanis have made to the advancement of the Kingdom.

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The Foreign Minister stated that Pakistan is eagerly anticipating the visit of the Saudi Crown Prince and the Saudi Prime Minister, who are scheduled to arrive.

He described the brotherly connections between Pakistan and Saudi Arabia as being characterized by shared trust and understanding, strong collaboration, and a longstanding legacy of mutual assistance.

Close defense and diplomatic ties have traditionally existed between Pakistan and Saudi Arabia.

By establishing the Saudi-Pakistan Supreme Coordination Council to give their relationship a strategic direction, the two nations decided to widen and strengthen their ties.