Saudi Arabia confirms its economic support for Pakistan

Saudi Arabia affirmed its unwavering support for Pakistan and its economy, promising to enhance and accelerate bilateral investment cooperation.

This was revealed in a joint statement released early Sunday morning addressing Pakistani Prime Minister Shahbaz Sharif’s visit to the Kingdom.

in a statement, reported by SPA Saudi Arabia confirmed its sustained support for Pakistan and its economy, including discussions about supporting the Kingdom’s $3 billion deposit with Pakistan’s Central Bank.

It also discussed options to enhance the financing of petroleum products and support economic reforms in Pakistan in the interest of Pakistan and its people.

KSA and Pakistan agreed to deepen and raise the pace of investment cooperation between the two countries, stimulate partnerships and enable investment integration in the private sector.

The two sides expressed their intention to hold investment forums to familiarize the business sectors of both sides with the available opportunities and urge them to form partnerships in various investment fields.

The two sides exchanged views on issues and issues of concern to the two countries in the regional and international arenas and agreed on the importance of continuing to work to coordinate their positions to serve their interests.

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