ISLAMABAD: Pakistan’s Acting Commerce Minister, Dr Gohar Ejaz, on Thursdayassured Saudi Arabia’s Ambassador to Pakistan, Nawaf bin Said Al-Malki, ofIslamabad’s “unshakable partnership” with the Kingdom United Kingdom inbilateral and regional affairs.
Saudi Arabia and Pakistan have a historic brotherly relationship andcooperate in many fields such as trade, economy, culture and defence. InJune, Saudi Arabia deposited $2 billion in Pakistan’s central bank, helpingthe South Asian country receive a crucial $3 billion bailout from theInternational Monetary Fund (IMF) to help Islamabad avoid national debtdefault.
According to a statement from the Associated Press of Pakistan (APP),Malki has called on the Pakistani minister to discuss issues of mutualconcern at the Ministry of Commerce. “The minister commended the Saudileadership’s foresight approach and assured Ambassador Nawaf of Pakistan’ssolid partnership and credibility,” APP said. “Dr Gohar spoke of the stronghistorical ties between Pakistan and Saudi Arabia, expressing his gratitudefor Saudi Arabia’s continued support for Pakistan’s economic growth andstability.
APP said Malki particularly emphasized the brotherly relationship betweenSaudi Arabia and Pakistan, adding that the relationship between the twocountries is characterized by mutual trust and cooperation on bilateralissues. region and region. Saudi Arabia has recently shown a stronginterest in investing in key Pakistani sectors. Earlier this month, adelegation from the Kingdom visited Pakistan to explore investmentopportunities in the mining sector, with the aim of exploiting Pakistan’smineral reserves, estimated at $6 trillion.
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In addition to its strong diplomatic ties with Pakistan, Saudi Arabiahosts more than 2.5 million Pakistanis abroad, making the Kingdom ofPakistan the largest source of Pakistani remittances, essential tosustaining its economy. economic development.