HomeBusinessEconomyPakistan, KSA agree to deepen economic cooperation

Pakistan, KSA agree to deepen economic cooperation

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Islamabad (TDI): Pakistan and Saudi Arabia on Thursday reiterated their commitment to enhance ties and economic cooperation for development.

In the meeting between President Asif Ali Zardari and the visiting Saudi delegation led by Saudi Minister for Investment Khalid bin Abdulaziz Al-Falih here at the Aiwan-e-Sadr, both sides reaffirmed to enhance cooperation in key areas like economy, agriculture, mining and information technology.

According to a President House press release, both sides underlined the need to work together to build a prosperous and peaceful future for the region as well as for the Islamic World.

Read More: Pakistan Reaffirms Ties on Saudi National Day

The president emphasized the longstanding and time-tested relationship between Pakistan and the Kingdom of Saudi Arabia (KSA).

He stressed to elevate Pak-Saudi ties into a long-term strategic and economic partnership, saying that such a collaboration would bring the two brotherly nations further closer.

President Zardari highlighted Pakistan’s deep respect for the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and restated Pakistan’s unwavering commitment to stand in solidarity with Saudi Arabia.

Praising the visionary leadership of Crown Prince and Prime Minister of Saudi Arabia Mohammed bin Salman Al Saud, he also highly commended the remarkable progress Saudi Arabia was making under Vision 2030.

The President expressed gratitude for the Kingdom’s continued support to Pakistan during challenging times.

On this occasion, Engr. Khalid bin Abdulaziz Al-Falih said that Saudi Arabia recognized the strategic geographical significance of Pakistan and its potential for natural resources and renewable energy.

He informed that Saudi Arabia had planned to invest in the infrastructure and mining sectors of Pakistan and, in this regard, his delegation would sign 25 agreements in different sectors to boost economic cooperation between the two brotherly nations.

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He expressed the hope that the signing of the agreements would mark a new era of economic cooperation between the two countries.

The meeting was attended by Minister for Petroleum Senator Musadik Masood Malik, Minister for Commerce Jam Kamal Khan, Minister for Privatization Abdul Aleem Khan, Minister for Interior Senator Syed Mohsin Raza Naqvi, Minister for Religious Affairs & Interfaith Harmony Chaudhry Salik Hussain and Senator Saleem Mandviwalla. Saudi Ambassador in Islamabad Nawaf Saeed Al Malki was also present in the meeting.

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