Tag: Muhammad Bin Salman (MBS)

  • PM Shehbaz, Saudi Crown Prince agree on mutual cooperation in investment, energy, and trade

    PM Shehbaz, Saudi Crown Prince agree on mutual cooperation in investment, energy, and trade

    Prime Minister (PM) Shehbaz Sharif and Saudi Crown Prince Mohammed Bin Salman exchanged views to enhance bilateral cooperation between the two countries during a telephonic conversation.

    Pakistan and Saudi Arabia have agreed to intensify mutual cooperation in the fields of investment, energy, and trade, Radio Pakistan reported.

    According to a Financial Times report, the IMF and Saudi Arabia have also discussed the possibility of Islamabad being able to borrow up to $2.8 billion against Riyadh’s quota of Special Drawing Rights (SDRs) at the Fund after Saudi Arabia’s decision to renew $3 billion deposit at the State Bank of Pakistan.

    “Once finalised, Pakistan’s extent of borrowing from the IMF during the present financial year (July to June) will increase by $2.8bn. This will be a very important gesture,” read the report.

    On the occasion of the 75th Independence Day of Pakistan, Saudi Arabia’s King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman congratulated the Pakistani nation.

  • PM Shehbaz, MBS vow to cement Pak-Saudi ties further

    PM Shehbaz, MBS vow to cement Pak-Saudi ties further

    Prime Minister Muhammad Shehbaz Sharif on Saturday met Saudi Crown Prince Muhammad Bin Salman (MBS) in Jeddah.

    According to the Prime Minister’s office twitter account, during the meeting, both the leaders discussed issues of mutual interest including global and regional issues.

    A 13-member delegation including federal ministers accompanied Prime Minister Shehbaz Sharif in the meeting that took place in Jeddah.

    Prime Minister Shehbaz Sharif has been on a three days visit to Saudi Arabia on the invitation of the Saudi crown prince.

    Earlier, upon his arrival at the Palace, the prime minister was warmly welcomed by the crown prince. He was given a guard of honour.

    Foreign Minister Bilawal Bhutto-Zardari, Defence Minister Khawaja Asif, Finance Minister Miftah Ismail, Information Minister Marriyum Aurangzeb, Pakistan Ulema Council Chairman Tahir Ashrafi and others accompanied the PM.

    On Friday, Prime Minister Shehbaz Sharif along with his delegation paid his respects at Roza-e-Rasool (Peace Be Upon Him) in Medina Munawara.

    The prime minister offered Nawafils at Riaz-ul-Jannah and prayed for the security, progress and socio-economic development of the country.

    This is PM Sharif’s first foreign trip after assuming office earlier this month.