ISLAMABAD: Pakistan’s finance ministry on Thursday expressed the hope to sign “significant agreements” during Saudi Crown Prince Mohammed bin Salman’s upcoming visit to Pakistan.
The highly-anticipated visit, a date for which has not yet been confirmed, would be the crown prince’s second official trip to Pakistan since 2019, when the two countries signed investment deals worth $21 billion, including for an oil refinery and agriculture projects.
Finance Minister Ishaq Dar and Saudi Energy Minister Prince Abdulaziz bin Salman on Thursday held a virtual meeting of the first joint Economic Sub Committee of the Saudi-Pakistan Supreme Coordination Council to discuss wide-ranging economic ties.
The high-powered council was proposed by the Saudi crown prince during then prime minister Imran Khan’s visit to the kingdom in October 2018. The council’s objective was to fast-track decisions in key areas and to closely monitor their implementation.
The finance ministry said during the meeting both sides agreed to collabrate in a number of sectors including energy, industry and minerals, trade, finance, investment, environment and agriculture, transport, communication and IT and tourism.
“The two sides agreed to hold a follow-up meeting next week to ensure the maximum progress is made in bilateral cooperation in these sectors so that significant agreements are signed during the visit of HRH Mohammed Bin Salman, Crown Prince and Prime Minister of Kingdom of Saudi Arabia next month,” the finance ministry said in a tweet.
Prime Minister Shehbaz Sharif was in Saudi Arabia this week for an investment conference where he held a meeting with Saudi Crown Prince Mohammed bin Salman. Sharif also said the people of Pakistan were awaiting the crown prince’s visit to Pakistan.
“I told HRH people of Pakistan are eagerly looking forward to his visit,” he wrote on Twitte