Crown Prince Congratulates New PM of Pakistan

Ragya Wael March 4, 2024

0 1 minute read

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His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, sent a congratulatory telegram to His Excellency Muhammad Shehbaz Sharif on the occasion of his swearing-in as the Prime Minister of Pakistan. His Highness the Crown Prince expressed his sincerest congratulations and best wishes to His Excellency, and the people of Pakistan, reported Saudi Press Agency.

Trade Between KSA, Pakistan

Pakistan set its sights on amplifying its trade relationship with Saudi Arabia. Commerce Minister Majid Al-Qasabi announced an ambitious goal to increase trade volume between both countries.

According to the Saudi Press Agency (SPA) the target is to reach a staggering $20 billion. This was announced during the Saudi-Pakistani Forum (Feb. 22), organized by the Federation of Saudi Chambers. This move is also a significant step towards strengthening economic ties between two nations that have historically enjoyed friendly relations.

Exploring New Trade Avenues

Accordingly, as part of this initiative, both countries are exploring new avenues for collaboration. The focus is on diversifying the trade portfolio, which has traditionally been centered around oil.

The new strategy aims to include sectors like technology and manufacturing. This also offers a more holistic trade partnership.

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