Pakistani PM meets Saudi crown prince, resolves to further strengthen bilateral ties

Saudi Crown Prince Mohammed bin Salman meets Pakistan's Prime Minister Shehbaz Sharif in his palace on the eve of 29th Ramadan, during the holy month of Ramadan, in the holy city of Makkah, Saudi Arabia, on April 7, 2024. (Saudi Press Agency)
Short Url
Updated 08 April 2024
Follow

Pakistani PM meets Saudi crown prince, resolves to further strengthen bilateral ties

  • PM Shehbaz Sharif is on a three-day visit to Saudi Arabia, his first foreign visit since assuming office last month 
  • Both leaders appreciated upward trajectory of Pakistan-Saudi Arabia relations, says Prime Minister’s Office

ISLAMABAD: Prime Minister Shehbaz Sharif met Saudi Crown Prince Mohammed bin Salman at the Al-Safa Palace in Makkah on Sunday, with both leaders resolving to further strengthen bilateral ties between Pakistan and Saudi Arabia, the Prime Minister’s Office (PMO) said. 

Sharif arrived in Saudi Arabia on a three-day official visit on Saturday, his first foreign trip as Pakistan’s chief executive since his election to the post last month. He is accompanied by his niece and Punjab chief minister, Maryam Nawaz Sharif, as well as the ministers of finance, foreign affairs, economic affairs, defense and information. 

The Pakistani premier and his delegation were invited to the palace for iftar by the Saudi crown prince, the PMO said. During the meeting, Sharif conveyed his best wishes and prayers for the health and well-being of King Salman bin Abdulaziz. The Pakistani premier was dressed in the ihram, indicating that he will perform Umrah while in Makkah.

“Both leaders appreciated the upward trajectory of longstanding fraternal relations,” the PMO said. “The two leaders reaffirmed common resolve to further strengthen bilateral ties.”




Saudi Crown Prince Mohammed bin Salman (center) meets Pakistan's Prime Minister Shehbaz Sharif (right) and Bahrain's Crown Prince and Prime Minister Sheikh Salman bin Hamad al-Khalifa in his palace on the eve of 29th Ramadan, during the holy month of Ramadan, in the holy city of Makkah, Saudi Arabia, on April 7, 2024. (Saudi Press Agency)

After iftar, Sharif held a one-on-one meeting with the Saudi crown prince, the PMO said. 




Saudi Crown Prince Mohammed bin Salman (third right) offers prayer with Pakistan's Prime Minister Shehbaz Sharif (second right) in his palace on the eve of 29th Ramadan, during the holy month of Ramadan, in the holy city of Makkah, Saudi Arabia, on April 7, 2024. (Saudi Press Agency)

Sharif last traveled to Saudi Arabia during his first term as PM in October 2022. He met the crown prince during that visit and also attended the Saudi Future Investment Initiative Summit.

Pakistan and Saudi Arabia enjoy strong trade, defense and cultural ties. The Kingdom is home to over 2.7 million Pakistani expatriates and serves as the top destination for remittances to the cash-strapped South Asian country.

Saudi Arabia has often come to cash-strapped Pakistan’s aid by regularly providing the South Asian country oil on deferred payment facilities and offering direct financial support to help stabilize its economy, shore up its foreign exchange reserves.


Pakistan, Saudi Arabia resolve to strengthen economic cooperation during Davos summit 

Updated 6 sec ago
Follow

Pakistan, Saudi Arabia resolve to strengthen economic cooperation during Davos summit 

  • Pakistan finmin Muhammad Aurangzeb meets Saudi Arabia's Investment Minister Khalid bin Abdulaziz Al-Falih 
  • Al-Falih appreciated Pakistan's potential, particularly its natural resources, strategic location, says Pakistan Finance Division

KARACHI: Pakistan's Finance Minister Muhammad Aurangzeb and Saudi Investment Minister Khalid bin Abdulaziz Al-Falih met in Davos this week, resolving to strengthen ongoing bilateral cooperation by working closely together and maintaining high-level contact, Pakistan's Finance Division said. 

Islamabad and Riyadh have moved closer to broaden their cooperation in recent months, signing a landmark defense pact in September 2025 and agreeing to launch an economic cooperation framework a month later to strengthen bilateral trade and investment relations. 

Aurangzeb met Al-Falih during the sidelines of the 56th annual World Economic Forum (WEF) summit in Davos on Thursday, Pakistan's Finance Division said in a statement. The two sides reviewed ongoing cooperation and reviewed progress on existing and planned projects across various sectors, the statement added. 

"Both sides reiterated their strong resolve to expand bilateral collaboration by working closely together, strengthening institutional linkages and maintaining regular high-level contacts," Pakistan's Finance Division said on Thursday.

"They agreed that sustained engagement and mutual understanding would help translate shared objectives into concrete and mutually beneficial initiatives."

The Finance Division said Al-Falih appreciated Pakistan's importance and potential, particularly its natural resources, strategic location and emerging opportunities for investment.

"The meeting concluded in a positive and forward-looking spirit, with both ministers expressing confidence that closer partnership and continued dialogue would further strengthen economic and investment ties between Pakistan and the Kingdom of Saudi Arabia," the statement said. 

The two countries enjoy cordial relations dating back decades and firmly grounded in shared values, culture, faith and economic ties. The Kingdom is home to over two million Pakistani expats, making it the largest source of foreign remittances for cash-strapped Pakistan. 

Pakistan and Saudi Arabia signed 34 business agreements worth $2.8 billion across multiple sectors in 2024, further strengthening their economic cooperation. 

Riyadh has also bailed Pakistan frequently out of economic crises over the years, providing it crucial loans and oil on deferred payment basis.