Saudi Arabia, Pakistan Discuss Boosting Relations, Development

Saudi Arabia, Pakistan Discuss Boosting Relations, Development

Saudi Arabia affirmed its continuous support for Pakistan and its economy and increasing investment cooperation with Islamabad.

Saudi Crown Prince Mohammed bin Salman received Pakistani Prime Minister Mohammad Shehbaz Sharif in Jeddah.

During the visit, the two sides exchanged views on issues of mutual concern at the regional and international levels and agreed on the importance to continue coordinating their positions in a way that serves their interests.

A joint statement issued after the meeting stressed the importance of strengthening work through the Saudi-Pakistani Supreme Coordination Council and diversifying trade exchange.

They agreed to increase communication between the private sector in the two countries to discuss trade and investment opportunities and turn them into tangible partnerships.

Saudi Arabia affirmed its support for Pakistan and will discuss the possibility of supporting the Kingdom's $3 billion deposit in Pakistan's central bank by extending its term or through other options.

Pakistan welcomed Saudi Arabia's decision to extend an agreement to finance crude oil products and oil derivatives exports and support economic reforms in Pakistan.

The two sides also agreed to deepen the investment cooperation between the two countries, stimulate partnerships and enable investment integration opportunities between the private sector of the two countries.

The meeting also reiterated the importance of developing