Pakistan, Saudi Arabia Agree to Deepen Trade and Investment Ties

Mon Oct 27 2025
icon-facebook icon-twitter icon-whatsapp

RIYADH: Saudi Crown Prince and Prime Minister Mohammed bin Salman on Monday received Pakistan’s Prime Minister Shehbaz Sharif and discussed further strengthening cooperation between the two countries in the areas of trade, investment, energy, and human resources.

The meeting was held on the sidelines of the Ninth Edition of the Future Investment Initiative summit in Riyadh on Monday, the Saudi Press Agency (SPA) reported.

During the meeting, they reviewed bilateral relations between the two countries and opportunities for joint cooperation in various fields.

The meeting was attended by Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah,  Minister of State, Cabinet Member and National Security Advisor Dr. Musaed bin Mohammed Al-Aiban, Advisor at the Royal Court Mr. Mohammed bin Mazyad Al-Tuwaijri, Ambassador Saudi Arabia to Pakistan Nawaf Al-Malki.

Pakistan’s Army Staff Chief Field Marshal Syed Asim Munir, Deputy Prime Minister and Foreign Minister Ishaq Dar, Finance Minister Mohammad Aurangzeb, Minister for Information and Broadcasting Attaullah Tarar, and Special Assistants Tariq Fatemi also attended the meeting, according to Pakistan state media.

Earlier today, Prime Minister Muhammad Shehbaz Sharif arrived in Saudi Arabia to represent his country at the Ninth Edition of the Future Investment Initiative summit in Riyadh.

A three-day official visit is being carried out at the invitation of Saudi Crown Prince and Prime Minister Mohammed bin Salman, the Foreign Office announced on Sunday.

During his visit, the Prime Minister is also expected to hold meetings with Saudi leadership to explore ways to strengthen cooperation in the areas of trade, investment, energy, and human resource development.

Pakistan and Saudi Arabia have historically maintained close ties, which have expanded in recent years to include enhanced strategic and economic cooperation.

During the Prime Minister’s visit to Riyadh on September 18, the two countries signed a landmark defence pact and, last year, agreed on 34 memorandums of understanding worth $2.8 billion across various sectors.

The defence agreement formalises decades of security collaboration, stipulating that an attack on either country will be treated as an attack on both.

The relationship between the two nations is rooted in shared faith, mutual respect, and strategic partnership, with Riyadh serving as a key political and economic ally of Islamabad.

Saudi Arabia is also home to over 2.5 million Pakistani expatriates, who constitute the largest source of remittances for Pakistan’s $407 billion economy.

icon-facebook icon-twitter icon-whatsapp