Particle.news

Download on the App Store

Pakistan, Saudi Arabia Pivot From Defense Pact to Investment Drive

Sharif touts investor facilitation at an Islamabad business council meeting led by Prince Mansour.

Overview

  • Prime Minister Shehbaz Sharif told the Pakistan–Saudi Joint Business Council that ties will now center on trade, investment and research collaboration.
  • He cast the recent Strategic Mutual Defence Agreement as the platform for expanding economic cooperation.
  • Pakistan has formed a high‑level committee to fast‑track bilateral economic talks and monitor joint ventures.
  • Prince Mansour bin Mohammed Al Saud said Saudi businesses are keen to invest and will receive full facilitation after consultations with key Saudi ministers.
  • Public messaging underscored commitment to protect Makkah and Madinah and included praise for Crown Prince Mohammed bin Salman’s development vision.