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Prime Minister Shehbaz Sharif held a meeting on Monday with Saudi Crown Prince and Prime Minister Mohammad bin Salman as the Kingdom of Saudi Arabia vows to expedite its $5 billion investment in Pakistan.
In a joint statement released by Pakistan and the Kingdom of Saudi Arabia (KSA), both nations reiterated their commitment to accelerating the initial phase of a $5 billion investment package previously discussed. The declaration emerged from a meeting held at the Al-Safa Palace in Makkah, during which the Saudi Crown Prince extended congratulations to Pakistan’s newly-elected prime minister and conveyed his sincere hopes for a successful tenure.
Responding with gratitude, the prime minister acknowledged the Kingdom’s steadfast support and hospitality, reiterating Pakistan’s determination to strengthen bilateral ties and promote economic collaboration. The statement emphasized the pivotal role of Saudi Arabia in Pakistan’s economy and highlighted mutual aspirations for bolstering trade and investment relations.
Discussions encompassed regional and global developments of shared concern, including the situation in Gaza. Both sides underscored the imperative for international intervention to halt Israeli military actions, alleviate humanitarian suffering, and ensure unimpeded access to aid. Emphasis was placed on advancing the peace process in accordance with resolutions from the Security Council, the General Assembly, and the Arab Peace Initiative.
Furthermore, the joint statement highlighted the significance of dialogue between Pakistan and India to address unresolved issues, notably the Jammu and Kashmir dispute. In a gesture of goodwill, the prime minister extended an invitation to the Crown Prince to undertake an official visit to Pakistan, which was graciously accepted.