Pakistan PM to meet Saudi crown prince, attend investment summit during two-day Riyadh visit 

Prince Mohammed bin Abdulrehman bin Abdulaziz (R), Deputy Governor of Riyadh Province, welcoming Pakistan Prime Minister Shehbaz Sharif upon arrival at King Khalid International Airport, Riyadh on October 29, 2024. (Government of Pakistan)
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Updated 29 October 2024
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Pakistan PM to meet Saudi crown prince, attend investment summit during two-day Riyadh visit 

  • Shehbaz Sharif arrives in Riyadh on Tuesday, visit comes weeks after agreements worth $2 billion signed with Saudi businesses
  • Saudi crown prince earlier this year reaffirmed commitment to expediting $5 billion investment package for cash-strapped Pakistan

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday arrived in Riyadh on a two-day official visit to the Kingdom during which he will meet Saudi Crown Prince Mohammed bin Salman and also attend an investment conference, the Pakistani premier’s office said.

Sharif’s visit comes after a visit to Islamabad by Saudi Investment Minister Khalid bin Abdulaziz Al-Falih during which over $2 billion in agreements and memorandums of understanding (MoUs) were signed between Saudi and Pakistani businesses. 

During his latest visit, Sharif will attend the eighth edition of the Future Investment Initiative (FII) conference in Riyadh. 

“Prime Minister will participate and address the plenary session of the 8th edition of the Future Investment Initiative (FII) being held in the King Abdulaziz International Conference Center Riyadh from 29-31 October,” Sharif’s office said in a statement.

“The theme for this edition is ‘Infinite Horizons: Investing Today, Shaping Tomorrow.’ The delegates will ignite discussions on how investment can serve as a catalyst for a prosperous and sustainable future.”

Sharif is also expected to call on the Saudi crown prince during the visit and also meet other senior leaders of the Kingdom.

“The two sides will discuss economic and strategic partnership between Pakistan and the Kingdom of Saudi Arabia and explore bilateral cooperation in the economic, energy, and defense domains,” a statement from the Pakistani foreign office said, adding that Sharif is also expected to engage with leaders and entrepreneurs participating in the FII conference.

The Pakistani PM’s visit takes place at a time when Islamabad is seeking to strengthen trade and investment ties with friendly nations, particularly the Kingdom, whose leadership reaffirmed its commitment earlier this year to expediting a $5 billion investment package, which cash-strapped Pakistan desperately needs to shore up its dwindling foreign reserves and fight a chronic balance of payment crisis.


Pakistan engages Saudi Arabia, China in bid to ease surging Middle East tensions 

Updated 10 March 2026
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Pakistan engages Saudi Arabia, China in bid to ease surging Middle East tensions 

  • Pakistan’s foreign minister stresses need for de-escalation in conversations with Chinese, Saudi counterparts
  • Tensions in the Middle East continue to remain high as conflict between US, Israel and Iran intensifies

ISLAMABAD: Pakistan’s Deputy Prime Minister Ishaq Dar spoke to the foreign ministers of Saudi Arabia and China on Tuesday, stressing the importance of diplomatic engagement to de-escalate tensions in the Middle East as the Iran war intensifies. 

Pakistan has constantly engaged regional countries in efforts to broker a ceasefire in the Middle East, after the US and Isreal launched coordinated strikes against Iran on Feb. 28. 

Iran launched fresh attacks on Gulf countries on Tuesday morning, where it has targeted US military bases in recent weeks. In addition to firing missiles and drones at Israel and American bases in the region, Iran has also been targeting energy infrastructure which, combined with its stranglehold on the Strait of Hormuz, has sent oil prices soaring worldwide. 

Dar spoke to Saudi Foreign Minister Prince Faisal bin Farhan to discuss developments in the Middle East and ongoing deliberations at the UN Security Council, Pakistan’s foreign office said in a statement. 

“DPM/FM shared Pakistan’s perspective, underscoring the importance of continued coordination and diplomatic engagement to support de-escalation and promote peace and stability across the region and beyond,” the statement said. 

Dar, who also serves as Pakistan’s foreign minister, spoke to Chinese foreign minister Wang Yi over the telephone separately. The two discussed the evolving regional situation and broader global developments.

Dar underscored the need to ease tensions in the Middle East and the wider region during the conversation, the foreign office said. 

Yi appreciated Pakistan’s constructive efforts aimed at promoting de-escalation and stability in the region, it added. 

“The two leaders stressed the importance of de-escalation and emphasized the need to pursue dialogue and diplomacy in accordance with the principles of the UN Charter,” the foreign office’s statement said. 

The conflict in the Middle East has hit Pakistan hard as well, forcing Islamabad to hike petrol and diesel prices by Rs55 per liter last Friday. 

Pakistan’s government has also announced a set of austerity measures, which include closing schools and cutting down on government expenditures, as it evaluates petrol stocks and looks for alternative supply routes.