Prime Minister Shehbaz Sharif announced on October 9, 2024, that Pakistan and Saudi Arabia are set to sign agreements worth US$2 billion during his upcoming visit to the Kingdom. These agreements, aimed at enhancing bilateral cooperation in various sectors, are expected to bolster Pakistan’s economy and strengthen ties between the two countries.
The deals will reportedly focus on energy, infrastructure, and trade, with Saudi Arabia committing to invest in Pakistan’s key development projects. The announcement comes at a critical time for Pakistan’s economy, as the country seeks to attract foreign investment to boost its financial stability.
PM Shehbaz emphasized that the agreements would not only bring much-needed investment but also pave the way for deeper strategic cooperation between Pakistan and Saudi Arabia. The two nations have historically maintained close ties, and these new deals are expected to further solidify their partnership in the years to come.
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