https://arab.news/z4gcf
- Pakistan considers key economic ally, with both countries signing agreements worth $2.8 billion in 2024
- Shehbaz Sharif met ’s crown prince in Doha at sidelines of Arab-Islamic emergency summit on Monday
ISLAMABAD: Prime Minister Shehbaz Sharif will visit for a day-long visit tomorrow, Wednesday, the Prime Minister's office said, where the premier is scheduled to meet Crown Prince Mohammed bin Salman to discuss bilateral ties.
Pakistan considers as one of its closest strategic partners and economic allies in the region. The Kingdom has extended significant support to Pakistan during Islamabad’s prolonged economic challenges in recent years, which includes external financing and assistance with International Monetary Fund (IMF) loan programs.
is also the largest source of foreign remittances for Pakistan, where over 2.5 million expatriates reside. These remittances are crucial for keeping Pakistan’s fragile, $350 billion economy afloat as it faces external pressures and macroeconomic challenges.
“Prime Minister Shehbaz Sharif will arrive in tomorrow [Wednesday] on a day-long official visit,” the Pakistani Prime Minister's office told Arab News. “During the visit, the main event is his meeting with Saudi Crown Prince Mohammed bin Salman to discuss the entire gamut of bilateral relations.”
Sharif has visited multiple times since he assumed office. In October 2024, both countries signed 34 memoranda of understanding (MoUs) and agreements worth $2.8 billion when he visited . The agreements were aimed at increasing private sector cooperation and commercial partnerships.
This year the Pakistani prime minister paid two visits to the Kingdom, first from Mar. 19-22 to strengthen trade, investment, and economic ties, and then again from Jun. 5-6 during the Muslim festival of Eid-al-Adha.
Sharif met the Saudi crown prince on the sidelines of the emergency Arab-Islamic summit on Monday in Doha. The summit was convened in a show of support for Qatar after Israel carried out airstrikes in Doha on Sept. 9, in its attempt to target Hamas leaders there.
The Pakistani premier assured the Saudi crown prince of Islamabad’s “all out” diplomatic support, particularly at the United Nations Security Council and other diplomatic fora, against Israel’s military operations in the Middle East.
Sharif’s office said the crown prince said appreciated Pakistan’s “active diplomatic efforts,” to express solidarity with Qatar.