ISLAMABAD: Saudi Arabia and Pakistan are on the verge of finalising a strategic economic agreement that promises to significantly boost the economies of both nations.
Saudi Ambassador Nawaf bin Said Al-Malki shared the development while speaking to the media at an iftar dinner he hosted in Islamabad.
Ambassador revealed that the two countries are currently preparing another strategic economic plan, which he described as a significant step forward for bilateral economic cooperation.
“God willing, we are preparing a new strategic economic plan between Pakistan and Saudi Arabia. The agreement will be signed soon,” he added.
Bilateral relations between Pakistan and Saudi Arabia are touching new heights due to the support of @sifcpakistan @Financegovpk #RadioPakistan #News https://t.co/6d77Xu5UEA pic.twitter.com/4lnyW6SgFF
— Radio Pakistan (@RadioPakistan) February 25, 2026
Ambassador Nawaf bin Said Al-Malki stated that the proposed agreement signifies notable advancement in Pakistan-Saudi economic and defence relations, highlighting that a defence pact was signed between the two countries three months earlier.
He underscored that Saudi Arabia holds its relationship with Pakistan in particularly high regard, reaffirming that the two brotherly nations have consistently stood by one another’s positions.
The ambassador also voiced confidence that bilateral cooperation will continue to grow in the times ahead.
The two countries have already signed a memorandum of understanding for an electricity interconnection project, signaling early movement under the broader economic agenda.
In 2024, Saudi Arabia and Pakistan signed 34 memorandums of understanding (MoUs) valued at approximately $2.8 billion across multiple sectors, reflecting growing economic engagement beyond traditional defence cooperation.
Saudi Arabia and Pakistan have maintained close diplomatic, economic, and security relations for decades.
However, recent agreements – including the defense pact and the upcoming economic framework – signal a shift toward more institutionalized and strategic cooperation.
The proposed economic pact is expected to formalise long-term collaboration in key sectors, reinforcing what both governments describe as a shared vision for sustainable partnership and mutual growth.
