Pakistan Urges Saudi Arabia To Expedite $5b Investment Package

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The discussions centered on fortifying the fraternal relations between the two brotherly nations and exploring avenues for enhanced collaboration across various sectors. 

2024-04-08T16:50:51+05:00 News Desk

Prime Minister (PM) Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman bin Abdulaziz held an official meeting on Monday at Al-Safa Palace in Makkah Al-Mukarramah, during which both sides affirmed their commitment to expediting the first wave of an investment package worth $5 billion, which was discussed previously.

During the meeting, the crown prince extended his congratulations to Premier Shehbaz on assuming office and expressed warm wishes for his tenure. PM Shehbaz, in turn, conveyed gratitude for the Kingdom's steadfast support and hospitality and reaffirmed Pakistan's commitment to bolstering bilateral ties and economic cooperation.

The discussions centered on fortifying the fraternal relations between the two brotherly nations and exploring avenues for enhanced collaboration across various sectors. Emphasis was placed on the Kingdom's supportive role in Pakistan's economy and the mutual desire to strengthen trade and investment ties. Both parties affirmed their commitment to expediting the first wave of an investment package worth $5 billion, which was discussed previously.

Both leaders also exchanged views on regional and global developments of mutual interest, including the worrying situation in Gaza. They urged for international efforts to halt Israeli military operations in Gaza, mitigate humanitarian impact, and underscore the imperative for the international community to pressure Israel to cease hostilities, adhere to international law, and facilitate unhindered humanitarian aid access to Gaza.

Both leaders discussed the need for advancing the peace process in accordance with relevant resolutions of the Security Council and the General Assembly, as well as the Arab Peace Initiative aimed at finding a just and comprehensive solution for the establishment of an independent Palestinian state with East Jerusalem as its capital.

The two sides stressed the importance of dialogue between Pakistan and India to resolve the outstanding issues between the two countries, especially the Jammu and Kashmir dispute, to ensure peace and stability in the region. 

PM Shehbaz also invited the crown prince to undertake an official visit to Pakistan at the earliest convenience, which was accepted by him.

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