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Pakistan and Saudi Arabia have agreed to establish an Economic Cooperation Framework to strengthen trade, investment, and development partnerships. The agreement, reached during Prime Minister Shehbaz Sharif’s meeting with Crown Prince Mohammed bin Salman in Riyadh, builds on last month’s defense pact and aims to expand collaboration in key economic sectors.
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Pakistan and Saudi Arabia have agreed to launch an Economic Cooperation Framework to enhance trade and investment ties and deepen economic collaboration between the two nations. The announcement followed Prime Minister Shehbaz Sharif’s meeting with Saudi Crown Prince Mohammed bin Salman on the sidelines of the Future Investment Initiative summit in Riyadh.
According to an official statement, the framework reflects both countries’ shared commitment to advancing mutual economic interests and strengthening bilateral relations. It will cover strategic projects in energy, mining, information technology, industry, tourism, agriculture, and food security.
The initiative follows the signing of a defense pact last month, marking a growing partnership between Islamabad and Riyadh. Saudi Arabia has also pledged a $3 billion investment in Pakistan to support key development sectors.
Both leaders reaffirmed their intent to accelerate cooperation across trade, investment, and security, with the framework expected to play a pivotal role in Pakistan’s economic recovery and regional engagement.
