Pakistan and Saudi Arabia concludes seven agreements valued at $560 million – SUCH TV

Pakistan and Saudi Arabia have concluded seven agreements valued at $560 million.

This follows the signing of 34 memoranda of understanding (MoUs) between the 2 nations in a quick span, highlighting their dedication to deepening bilateral funding throughout a number of sectors.

Prime Minister Shehbaz Sharif chaired a high-level assembly in Islamabad on Monday to evaluation the progress of those agreements, emphasizing the significance of the strategic partnership between Pakistan and Saudi Arabia.

The session was a part of the continuing efforts beneath the Pakistan-Saudi Arabia Joint Process Pressure, which convened its second assembly in November.

Throughout the briefing, PM Sharif was knowledgeable that, out of the 34 MoUs signed, seven have been formalized into binding agreements price $560 million, with investments spanning throughout key sectors.

The assembly was attended by key authorities officers, together with Deputy Prime Minister Ishaq Dar, Federal Minister for Financial Affairs Ahad Khan Cheema, and Finance Minister Muhammad Aurangzeb.

Premier lauded the progress of the continuing initiatives and reiterated Pakistan’s need to strengthen its ties with Saudi Arabia, a longstanding ally.

“Saudi Arabia has at all times been a dependable companion for Pakistan, supporting us by difficult occasions,” Sharif mentioned, including that the federal government is dedicated to increasing cooperation in areas like financial growth, vitality, and infrastructure.

Sources additionally confirmed that Prime Minister Sharif will journey to Saudi Arabia for a two-day go to beginning tomorrow. His journey will embrace participation within the Water Summit, in addition to engagement in sideline occasions throughout COP 16.

PM Shehbaz shall be accompanied by key officers, together with Federal Minister for Info Atta Tarar and Federal Minister for Petroleum Mosaddiq Malik.