Saudi Arabia and Pakistan have agreed to establish a new Economic Cooperation Framework to strengthen trade and investment relations between the two countries. The announcement was made in a joint statement issued by the Saudi Ministry of Foreign Affairs after a high-level meeting in Riyadh.
The agreement was finalized during talks between Saudi Crown Prince and Prime Minister Mohammed bin Salman and Pakistani Prime Minister Shehbaz Sharif. Both leaders reaffirmed the historic partnership and deep brotherly ties that have connected Saudi Arabia and Pakistan for nearly eight decades.
According to the joint statement, the new framework will focus on enhancing collaboration in key sectors, including energy, mining, industry, information technology, tourism, agriculture, and food security. It aims to promote mutual growth through large-scale investment projects and strategic cooperation.
Among the key initiatives being discussed are a Memorandum of Understanding (MoU) for an electricity interconnection project and another for enhanced cooperation in the energy sector. The framework also seeks to encourage private sector participation and boost trade volumes between Saudi Arabia and Pakistan.
Officials from both countries described the agreement as an important step toward building a sustainable and long-term economic partnership. It reflects their shared commitment to advancing development goals, improving trade balance, and creating new opportunities for businesses and investors on both sides.
The two leaders also expressed their determination to hold the next session of the Saudi-Pakistani Supreme Coordination Council soon. This platform will monitor the progress of joint projects and explore new avenues of economic collaboration.
The joint statement concluded by emphasizing the shared vision of Saudi Arabia and Pakistan to strengthen cooperation, serve the aspirations of their peoples, and contribute to regional stability and prosperity through sustained partnership and economic growth.
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