PM Shahbaz highlights avenues for Pakistan-Saudi energy cooperation

Government of PakistanPM Shahbaz highlights avenues for Pakistan-Saudi energy cooperation

RIYADH, Saudi Arabia: Prime Minister Shahbaz Sharif held a meeting with the Minister of Energy of the Kingdom of Saudi Arabia His Royal Highness Prince Abdulaziz bin Salman Al-Saud on the sidelines of the World Economic Forum (WEF) Special Meeting in Riyadh on Monday.

The Saudi energy minister was accompanied by the CEO & President of Aramco and the Chairman of ACWA Power.

   

During the meeting, the prime minister highlighted the initiatives undertaken by the government of Pakistan to facilitate and streamline processes for investments in the energy sector of Pakistan.

The prime minister underscored various avenues available for energy cooperation between the two brotherly Countries which included building new and improving existing energy infrastructure, increasing focus on renewable energy, and bringing efficiencies across entire energy eco-system.

The Saudi energy minister acknowledged deep historic fraternal ties between the two Countries and highlighted the important role played by Pakistanis in the development of the Kingdom.

The Saudi side showed keen interest in developing energy projects identified by the prime minister.

The prime minister welcomed the interest by the Kingdom to enhance economic partnership with Pakistan.

Shahbaz Sharif said that following his meeting with His Royal Highness Crown Prince and Prime Minister Mohammed bin Salman both sides were pursuing the economic cooperation agenda with renewed vigour and commitment.

Shahbaz Sharif expressed hope that the technical teams of the two countries would complete their work and many mutually beneficial projects would be launched soon.

The prime minister also applauded the vision of the Kingdom and the remarkable transformation that has taken place – making Saudi Arabia a hub of economic growth and development.

Later, Prime Minister Shahbaz Sharif held a meeting with the Saudi Minister of Economy and Planning Faisal Al-Ibrahim and the Minister of Environment, Water and Agriculture Eng. Abdulrahman Abdulmohsen Al-Fadley.

During the meeting, the prime minister appreciated the keen interest shown by the Kingdom to explore ways and means to increase economic partnership between the two brotherly Countries.

The prime minister highlighted the potential of Pakistani agriculture sector and underscored that Pakistan can become a bread basket for the Kingdom and could play a critical role in ensuring food security not only for the two countries but for the entire region.

The Saudi minister for environment, water and agriculture briefed the prime minister on the fruitful discussions that he and his delegation held in Islamabad on April 15-16, 2024.

Eng. Abdulrahman Abdulmohsen Al-Fadley said that the Saudi agriculture companies were looking at Pakistan with great interest and hoped that both countries would benefit from joint ventures for improving the value chain of the agriculture economy.

The minister underscored that Kingdom values Pakistan’s strategic and competitive advantages in the field of agriculture and considers Pakistani agricultural sector as a significant area of cooperation.

The Saudi minister of economy appreciated the prime minister’s personal attention to elevating the economic cooperation between the two Countries.

Prime Minister Shahbaz Sharif congratulated the minister of economy and planning for successfully hosting the Special Meeting of the World Economic Forum in Riyadh.

The prime minister lauded Kingdom’s role to act as a thought leader and take forward global economic and development agenda amidst mounting global instability and crises.

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.

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