ISLAMABAD: Prime Minister Shehbaz Sharif will visit Saudi Arabia for a day-long visit tomorrow, Wednesday, the Prime Minister's office said, where the premier is scheduled to meet Crown Prince Mohammed bin Salman to discuss bilateral ties.
Pakistan considers Saudi Arabia as one of its closest strategic partners and economic allies in the region. The Kingdom has extended significant support to Pakistan during Islamabad’s prolonged economic challenges in recent years, which includes external financing and assistance with International Monetary Fund (IMF) loan programs.
Saudi Arabia is also the largest source of foreign remittances for Pakistan, where over 2.5 million expatriates reside. These remittances are crucial for keeping Pakistan’s fragile, $350 billion economy afloat as it faces external pressures and macroeconomic challenges.
“Prime Minister Shehbaz Sharif will arrive in Saudi Arabia tomorrow [Wednesday] on a day-long official visit,” the Pakistani Prime Minister's office told Arab News. “During the visit, the main event is his meeting with Saudi Crown Prince Mohammed bin Salman to discuss the entire gamut of bilateral relations.”
Sharif has visited Saudi Arabia multiple times since he assumed office. In October 2024, both countries signed 34 memoranda of understanding (MoUs) and agreements worth $2.8 billion when he visited Saudi Arabia. The agreements were aimed at increasing private sector cooperation and commercial partnerships.
