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Pakistan and Saudi Arabia Agree To Strengthen Cooperation In investment, industrial and Mining sectors

By Staff Reporter | abbtakk May 2, 2022

Riyadh: This was stated in a joint declaration at the conclusion of three-day official visit of Prime Minister Shehbaz Sharif to Saudi Arabia.

The two sides agreed to stimulate partnerships and enable investment integration opportunities between private sectors of the two countries.

They stressed the importance of strengthening work through the Saudi-Pakistani Supreme Coordination Council, for diversifying trade exchange between the two countries.

Saudi Arabia affirmed its continuous support to Pakistan and its economy, including augmenting the three-billion dollar deposit with the Central Bank through term extension or otherwise.

It also agreed to explore options to further enhance the financing of petroleum products and supporting the economic structural reforms for the benefit of Pakistan and its people.

The two sides also agreed to enhance media cooperation, explore opportunities to develop cooperation in the fields of radio, television and news agencies, and exchange experiences in order to develop the joint media work.

Saudi Arabia welcomed the statements of Pakistan mentioning keenness to find a solution to all disputes with India, including the Jammu and Kashmir dispute. The two sides stressed the importance of dialogue between Pakistan and India in order to resolve the issues between the two countries, especially the Jammu and Kashmir dispute, to ensure peace and stability in the region.

The two sides discussed the latest developments in Afghanistan, and agreed on the need to achieve security and stability, and to prevent the use of Afghan lands as a shelter for terrorist groups. The two sides also agreed on the importance of following up and implementing the outcomes of the extraordinary meeting of CFM OIC on Afghanistan, aimed at supporting stability and providing humanitarian support to the Afghan people.

They expressed their hope that the Russian and Ukrainian sides would reach a political solution that would end the crisis, achieve security and stability, and limit negative repercussions at the regional and international levels.

Pakistan and Saudi Arabia also discussed the developments of the Palestinian cause, and stressed the importance of preserving the status and the Islamic character of Al-Quds Al-Sharif in the Arab and Islamic nations, and achieving comprehensive and just peace in accordance with the relevant resolutions of international legitimacy and the Arab Peace Initiative, which guarantees the right of the Palestinian people to establish their independent state on the 1967 borders with East Jerusalem as its capital.

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