ALULA, Saudi Arabia: Pakistan and Saudi Arabia have agreed to further strengthen economic relations between the two countries or a shared future.
The commitment was expressed during a meeting between Finance Minister Muhammad Aurangzeb and his Saudi counterpart Mohammed bin Abdullah Al-Jadaan on the sidelines of the Emerging Markets Conference in historical Alula city of Saudi Arabia.
The meeting stressed a shared commitment to build bridges of economic cooperation and advance mutual prosperity.
During the meeting, the two sides highlighted opportunities for boosting bilateral trade, investments, and financial collaboration. Both the ministers expressed their dedication to unlocking the full potential of their countries’ strategic partnership.
The ministers explored avenues for collaboration in key sectors, including energy, infrastructure, technology, and finance.
Both sides underscored the importance of continued dialogue and joint initiatives to facilitate investment flows and economic opportunities that would benefit not only the two nations but also the broader region.
The meeting further reinforced the longstanding ties and strategic partnership between Saudi Arabia and Pakistan, setting the stage for enhanced economic cooperation and collaboration in the future.
Pakistan and Saudi Arabia are close regional partners and economic allies, and both countries signed 34 agreements worth $2.8 billion in October last year. Saudi Arabia is home to over 2 million Pakistani expatriates, serving as the top destination for remittances for the cash-strapped South Asian country.
