Pakistan and Saudi Arabia have agreed to establish a new Economic Cooperation Framework aimed at strengthening bilateral trade and investment ties, the Ministry of Foreign Affairs said in a statement.
The agreement was reached during a recent meeting in Riyadh between Saudi Crown Prince and Prime Minister Mohammed bin Salman and Prime Minister Shehbaz Sharif.
According to the statement, the framework is rooted in the two countries’ shared economic interests and underscores their mutual commitment to expanding cooperation across key sectors. It will cover a range of strategic and high-impact projects in the economic, trade, investment, and development domains.
Priority sectors include energy, industry, mining, information technology, tourism, agriculture, and food security. Both sides are currently reviewing several joint initiatives, including a Memorandum of Understanding on an electricity interconnection project, as well as another MoU focused on broader energy cooperation.
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The framework builds on ongoing efforts to deepen bilateral ties and supports a shared vision of establishing a sustainable economic partnership that serves the interests of both nations. The leaders also expressed anticipation for the next meeting of the Saudi-Pakistani Supreme Coordination Council.
