Pakistan & Saudi Arabia Sign 27 MoUs Worth $2.2 Billion in Multiple Sectors

• Pakistan, Saudi Arabia Sign MoUs Worth $2.2 Billion in Various Sectors.
• The MoUs were witnessed by the Prime Minister, Saudi Investment Minister, and Chief of Army Staff Lt.
• Sharif praised Saudi Minister Al Falih's role in fostering bilateral investment and strengthening business opportunities.

Pakistan and Saudi Arabia signed 27 Memorandums of Understanding (MoUs) valued at $2.2 billion across multiple sectors on Thursday, including industry, agriculture, information technology, food, education, mining, health, petroleum, and energy.

Prime Minister Shehbaz Sharif, along with Saudi Investment Minister Khalid Bin Abdul Aziz Al Falih and Chief of Army Staff Lt. General Syed Asim Munir, witnessed the exchange of the MoUs, according to APP.

Prime Minister Sharif expressed gratitude for the visit of the Saudi business delegation, calling it a testament to Crown Prince Mohammad bin Salman's support for Pakistan. He highlighted the government’s commitment to turning these MoUs into agreements through dedicated effort, emphasizing a future free from bureaucratic delays.

He praised Saudi Minister Al Falih’s role in fostering bilateral investment and strengthening business opportunities between the two nations.

Sharif also expressed hope for future events like this, both in Pakistan and Saudi Arabia. Additionally, he acknowledged Saudi Arabia's support in securing Pakistan’s recent International Monetary Fund (IMF) program, which he anticipates will be the last, and reiterated Pakistan’s resolve to promptly implement the MoUs for mutual economic growth.

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