Pakistan and Saudi Arabia signed MoUs worth $2.2 billion in multiple sectors.

Pakistan Prime Minister Muhammed Shehbaz Sharif accompanied by KSA Investment Minister Khalid Bin Abdul Aziz Al Falih and Chief of Army Staff Lt General Syed Asim Munir witnessed the exchange of the signed copies of the MoUs. 

PM Sharif said the visit of the Saudi Business Delegation was a true manifestation of great sincerity and affection for people of Pakistan from Saudi Arabia Crown Prince Mohammed Bin Salman.

He stated the government has taken a resolve to implement these MoUs and to transform them into agreements in future through hard work and untiring efforts.

The PM hoped that in future there would be many more such delegations and ceremonies both from Pak and Sauidi Arabia and gave his assurance that the Memorandum of Understanding would be fully materialised and there would be no red-tapism and delay in the implementation process.

The two countries’ representatives signed MoUs valuing USD 2.2 billion in various sectors that included industry, agro, Information Technology, health, education, petroleum and energy, mine and minerals, and other areas.