Pakistan-Saudi Arabia sign $560m worth of agreements

MG News | December 02, 2024 at 05:15 PM GMT+05:00

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December 02, 2024 (MLN): Pakistan and Saudi Arabia signed of 34 memorandums of understanding (MOUs) on Monday, 7 of which have already been formalized into agreements, valued at $560 million.

Prime Minister, Muhammad Shehbaz Sharif during a review meeting expressed his satisfaction with the progress in cooperation and investment projects between Pakistan and Saudi Arabia, as APP reported.

The prime minister highlighted that Pakistan’s collaboration with Saudi Arabia continued to grow across various sectors, underscoring the strategic partnership between the two countries.

"Saudi Arabia has been a reliable partner in Pakistan’s challenging times, and we are committed to deepening this cooperation," Prime Minister Shehbaz said.

The meeting also included a briefing on the remarkable progress of bilateral investments.

The meeting was briefed about the progress on bilateral cooperation in various fields in the second meeting of the Pakistan Saudi Arabia Joint Task Force held in November.

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