Pakistan, KSA commit to enhanced economic partnership

News Image

MG News | April 17, 2024 at 09:33 AM GMT+05:00

April 17, 2024 (MLN): Pakistan and the Kingdom of Saudi Arabia (KSA) have reiterated their resolve to build a strong partnership and further promote economic cooperation for the mutual benefit of the two brotherly countries.

This was discussed during a meeting between President Asif Ali Zardari and Saudi Foreign Minister Prince Faisal bin Farhan Al Saud, who called on him, at Aiwan-e-Sadr, on Tuesday.

The Saudi Foreign Minister was accompanied by a high-powered delegation.

Welcoming the delegation, the President said that Pakistan and KSA enjoyed a long-standing and decades-old relationship and Pakistan wanted to transform the existing ties into a long-term strategic and economic partnership.

He highlighted that the Government and the people of Pakistan had the highest regard for the Custodian of the Two Holy Mosques His Majesty King Salman bin Abdulaziz Al Saud and would continue to stand with KSA.

The President said that the prosperity of the Islamic world was linked to the progress of KSA.

He lauded the courageous and visionary leadership of the Crown Prince and Prime Minister of KSA, HRH Muhammad Bin Salman, and the remarkable progress being made under the Vision 2030.

He also thanked the leadership of KSA for its support to Pakistan in difficult times.

The Saudi Foreign Minister said that KSA considered its relations with Pakistan very critical and was committed to building a strong partnership with Pakistan.

He highlighted that both countries enjoyed strong bonds and had helped each other for decades.

He appreciated the contributions of the Pakistani diaspora in the development of KSA.

He also conveyed the greetings of Saudi leadership and underlined the importance of Pakistan for the Kingdom.

The two sides discussed the regional dynamics and recent developments in the Middle East and called for an immediate and unconditional ceasefire and end to the Israeli atrocities in Gaza.

Both sides also exchanged views on issues of bilateral importance and the challenges being faced by the Muslim Ummah.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 162,501.06
39.15M
-0.87%
-1423.25
ALLSHR 98,830.78
145.39M
-0.70%
-696.10
KSE30 47,863.40
18.27M
-0.93%
-450.41
KMI30 233,556.30
23.00M
-0.88%
-2080.88
KMIALLSHR 64,172.70
86.99M
-0.79%
-510.38
BKTi 44,631.80
6.19M
-1.22%
-549.42
OGTi 33,090.04
1.67M
-0.92%
-305.56
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 81,795.00 81,920.00
81,055.00
340.00
0.42%
BRENT CRUDE 114.46 114.72
112.74
1.29
1.14%
RICHARDS BAY COAL MONTHLY 128.50 0.00
0.00
-1.55
-1.19%
ROTTERDAM COAL MONTHLY 147.10 0.00
0.00
1.80
1.24%
USD RBD PALM OLEIN 1,167.50 1,167.50
1,167.50
0.00
0.00%
CRUDE OIL - WTI 100.80 100.97
98.84
1.33
1.34%
SUGAR #11 WORLD 20.13 20.64
20.10
-0.32
-1.56%

Chart of the Day


Latest News
October 23, 2026 at 11:41 AM GMT+05:00

Gold dips to $4,013 on rate hike bets


October 23, 2026 at 11:05 AM GMT+05:00

SBP likely to raise policy rate to 12%: Bloomberg


October 23, 2026 at 11:03 AM GMT+05:00

SE Fruits refunds entire IPO subscription amount to investors


October 23, 2026 at 10:43 AM GMT+05:00

Privatisation Commission prequalifies 10 parties for IESCO



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg