PM Shahbaz, Crown Prince Salman vow to fast-tracking $5 billion Saudi investment in Pakistan

Government of PakistanPM Shahbaz, Crown Prince Salman vow to fast-tracking $5 billion Saudi investment...

MAKKAH, Saudi Arabia: Prime Minister Shahbaz Sharif and the Crown Prince and Prime Minister of the Kingdom of Saudi Arabia Prince Mohammed bin Salman bin Abdulaziz Al Saud held an official meeting on April 07, 2024 at Al-Safa Palace in Makkah Al-Mukarramah.

In a joint statement issued after their meeting, it was stated that at the outset, the Crown Prince extended his congratulations to Shahbaz Sharif on assuming office, and expressed warm wishes for his tenure.

The prime minister, in turn, conveyed gratitude for the Kingdom’s steadfast support and hospitality, and reaffirmed Pakistan’s commitment to bolstering bilateral ties and economic cooperation.Pakistan, Saudi Arabia vow to fast-tracking $5 billion Saudi investment in Pakistan

The discussions centered on fortifying the fraternal relations between the two brotherly nations and exploring avenues for enhanced collaboration across various sectors.

Emphasis was placed on the Kingdom’s supportive role in Pakistan’s economy and the mutual desire to strengthen trade and investment ties.

Both parties affirmed their commitment to expediting the first wave of investment package worth US$ 5 billion which was discussed previously.

Both leaders also exchanged views on regional and global developments of mutual interest, including the worrying situation in Gaza.

They urged for international efforts to halt Israeli military operations in Gaza, mitigate humanitarian impact and underscored the imperative for the international community to pressure Israel to cease hostilities, adhere to international law, and facilitate unhindered humanitarian aid access to Gaza.

They discussed the need for advancing the peace process in accordance with relevant resolutions of the Security Council and the General Assembly as well as the Arab Peace Initiative aimed at finding a just and comprehensive solution, for the establishment of an independent Palestinian state with East Jerusalem as its Capital.

The two sides stressed the importance of dialogue between Pakistan and India to resolve the outstanding issues between the two countries, especially the Jammu and Kashmir dispute to ensure peace and stability in the region.

The prime minister invited the Saudi Crown Prince to undertake an official visit to Pakistan at the earliest convenience which was accepted by the Crown Prince.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

State Bank of Pakistan releases coin to commemorative 555th birth anniversary of Baba Guru Nanak

State Bank of Pakistan releases coin to commemorative 555th birth anniversary of Baba Guru...

0
Karachi, Pakistan: The State Bank of Pakistan has released coin worth Rs 55 to commemorate the 555th birth anniversary of Baba Guru Nanak.On the...
Punjab Government created a trench at Haro River Bridge so PTI procession from Peshawar could not enter Islamabad

PTI Protest Call: Despite road blockades, PTI workers move on towards Islamabad

0
Monitoring Desk: Despite road blockades, worker arrests, and a police crackdown, followers of Tehreek-e-Insaf (PTI) are moving fast towards Islamabad for a protest on...
37 Brigadiers of Pakistan Army promoted as Major Generals

CTD Punjab claimed to kill three TTP terrorists near Rawalpindi

0
Rawalpindi, Pakistan: The Counter Terrorism Department (CTD) of Punjab killed three TTP terrorists (officially known as Khawaji) at Chakri, 30 km away from the...
Ukraine to receive 500,000 artillery shells by yearend from Czech Republic Monitoring Desk: In dire need to counter Russian aggression, Ukraine will receive 500,000 shells of various calibers by the end of this year from Czech Republic, reports Ukrinform. Referring to announcement of Czech Foreign Minister Jan Lipavský, Ukrinform reports that Czech Republic will continue to provide support to Ukraine to repel and stop Russian aggression. "As you know, my country has launched an initiative on ammunition. By the end of the year, 500,000 large-caliber shells will be delivered. We will not stop there. We will continue to provide the Armed Forces of Ukraine with the necessary support," the Czech Foreign Minister emphasized.

Ukraine to receive 500,000 artillery shells by yearend from the Czech Republic

0
Monitoring Desk: In dire need to counter Russian aggression, Ukraine will receive 500,000 shells of various calibers by the end of this year from...

PTI Protest Updates: Bushra Bibi stays away from protest

0
Islamabad, Pakistan: Owing to the fear of arrest, former first lady Bushra Bibi has decided to avoid the PTI protest on November 24. She...
Advertisement