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Reading: Saudi Crown Prince Mohammed Bin Salman to Finalize Trade Deals in Upcoming Pakistan Visit
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PhotoNews Pakistan > Pakistan > Saudi Crown Prince Mohammed Bin Salman to Finalize Trade Deals in Upcoming Pakistan Visit
Pakistan

Saudi Crown Prince Mohammed Bin Salman to Finalize Trade Deals in Upcoming Pakistan Visit

Web Desk
By Web Desk Published May 8, 2024 2 Min Read
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Crown Prince Mohammed Bin Salman. Photo: Ashraq Al-Awsat
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Crown Prince Mohammed Bin Salman of Saudi Arabia will visit Pakistan this month to finalize trade agreements. Foreign Minister Ishaq Dar indicated the exact dates are pending despite reports suggesting a mid-May arrival.

Dar mentioned that the Crown Prince had previously accepted Prime Minister Shehbaz Sharif’s invitation. This visit follows MBS’s commitment to invest $5 billion in Pakistan, initiating government and subsequent business talks. A recent visit from Saudi and Pakistani business leaders in Islamabad proved fruitful, with significant projects discussed.

As Pakistan and Saudi Arabia engagements have been at their peak in recent weeks following Prime Minister Shehbaz Sharif’s visit in March, Saudi Crown Prince Mohammed Bin Salman is likely to pay his much-anticipated visit to Islamabad between May 10 to 15. pic.twitter.com/5YNFPG9P37

— Economy.pk (@pk_economy) May 6, 2024

#Updates from the Saudi Arabia-Pakistan Investment Forum 2024!

Sectors like #agriculture, #energy, #tourism, and #IT garnered significant interest.

Anticipation mounts for potential agreements during the upcoming visit of Saudi Crown Prince Mohammed bin Salman.#SamaaTV pic.twitter.com/9DzgfdqfgT

— SAMAA TV (@SAMAATV) May 8, 2024

Regarding the Pak-Iran gas pipeline, Dar stated Pakistan would base its decision on national interest, resisting external influences. This stance was affirmed during the Iranian president’s recent visit, emphasising energy cooperation despite U.S. sanctions.

Additionally, Dar plans a strategic dialogue in Beijing with his counterpart Wang Yi from May 13-15, marking his first visit under the new government. In contrast, Dar defended his previous decision not to import wheat due to unsatisfactory justifications.

Lastly, Dar confirmed facilitating a meeting between US envoy Donald Blome and Opposition Leader Omar Ayub, emphasizing the US’s initiative. This meeting, part of broader US diplomatic efforts in Pakistan, countered accusations against the PTI of engaging with foreign powers under coercion.

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