Pakistan wants strategic economic partnership with Saudi Arabia: PM

ISLAMABAD - Prime Minister Sheh­baz Sharif on Tuesday said Pakistan is keen to elevate its economic relationship with the Kingdom of Saudi Arabia into a mutually benefi­cial strategic economic partnership in line with the vision of Crown Prince and Prime Minister Mohammed bin Salman. A high-level Saudi business delegation, led by Chairman of the Saudi-Pak Joint Business Council, Prince Mansour bin Mohammad Al Saud called on the prime minister here at the PM House, a news release said. During the warm and cordial meeting the Prime Minister conveyed his respectful regards to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to Crown Prince and Prime Minister Mohammed bin Salman. While recalling the longstanding brotherly ties between Pakistan and the Kingdom, the prime minister discussed avenues for expanding economic cooperation and investment between the two brotherly countries. In this regard, he recalled Prince Mansour's earlier visits to Pakistan and expressed the hope that the current visit would build on those discussions and culminate in the signing of MoUs and agreements across multiple sectors. The Saudi side conveyed interest in investment opportunities in agriculture, ports, highways, and airport outsourcing, real estate sector as well as in the energy, power distribution, and information technology sectors. The prime minister welcomed Saudi interest in investments in these priority areas and conveyed that this was the most opportune time for joint collaboration between the two countries, both in G2G as well as B2B cooperation. Iran, Oman agree on temporary joint shipping route in Strait of Hormuz Tags: pakistanstrategiceconomicpartnership