Authorities believes that stronger financial engagement with Saudi Arabia will create new alternatives for progress and stability
Prime Minister Shehbaz Sharif mentioned on Friday that Pakistan and Saudi Arabia are able to finalize and signal a large ranging financial settlement beneath the steerage of Crown Prince Mohammed bin Salman.
The assertion got here after a telephone name between the 2 leaders. In the course of the dialog, either side mentioned methods to additional strengthen financial cooperation and increase bilateral ties. The Prime Minister mentioned the deliberate financial package deal will assist deepen relations between the 2 international locations and assist future growth objectives.
He added that Pakistan values ​​its sturdy partnership with Saudi Arabia and appears ahead to increasing collaboration in key sectors.
ISLAMABAD: 19 June 2026.
Prime Minister Muhammad Shehbaz Sharif held a phone dialog with His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, of the Kingdom of Saudi Arabia, this night.
Throughout their heat and cordial dialog, the Prime… pic.twitter.com/Y5IPdhXSuQ
— Prime Minister’s Workplace (@PakPMO) June 19, 2026
The 2 leaders additionally reviewed ongoing regional and worldwide developments throughout their alternate. In line with the official assertion, the dialogue was heat and centered on mutual pursuits. The prime minister additionally congratulated the Saudi crown prince on the signing of the Islamabad Peace Deal, calling it an necessary step in direction of regional stability.
Pakistan and Saudi Arabia already share shut relations, together with cooperation in protection, commerce, and funding. Final yr, each international locations signed the Strategic Mutual Protection Settlement, which states that any assault on one nation shall be thought of an assault on each. This settlement marked a serious step in strengthening long-term safety ties between the 2 nations.
Officers mentioned the upcoming financial package deal is anticipated to additional improve cooperation in areas comparable to funding, commerce, vitality, and growth tasks. It is usually seen as a part of broader efforts to assist Pakistan’s economy and enhance overseas funding inflows.
The federal government believes that stronger financial engagement with Saudi Arabia will create new alternatives for progress and stability. Either side are anticipated to proceed discussions within the coming weeks to finalize the small print of the settlement earlier than formal signing.
