Pakistan, Saudi Arabia agree to promote investments, expand cooperation in key sectors
Pakistan and Saudi Arabia enjoy cordial relations and strong ties in defense, military, tourism and various other sectors. The two countries have eyed closer cooperation in mines and minerals, agriculture, tourism, IT and other sectors in recent years.
Islamabad and Riyadh last year signed 34 business-to-business deals worth $2.8 billion amid Islamabad's increasing focus to shore up its foreign reserves and bolster its economic revival with the help of its Gulf allies.
Dar, who is in the United States till July 28 to lead 'high-level signature events' under Pakistan's presidency of the UN Security Council, met Alibrahim on the sidelines of the events.
'Discussions focused on expanding cooperation across key sectors, including food security, manufacturing, and mines & minerals,' the Pakistani foreign ministry said.
Deputy Prime Minister/Foreign Minister, Senator Ishaq Dar @MIshaqDar50, met with Saudi Minister of Economy and Planning, Faisal Fadhil Al-Ibrahim, on the sidelines of high-level events during Pakistan's Presidency of the UN Security Council.
They reaffirmed the fraternal ties… pic.twitter.com/G6z9QE83TH
— Ministry of Foreign Affairs - Pakistan (@ForeignOfficePk) July 23, 2025
'They also agreed to advance investments and technical collaboration for mutual benefit of the two nations,' it added.
The two reaffirmed brotherly ties between Pakistan and Saudi Arabia and their shared vision for lasting peace, prosperity and regional harmony, the foreign ministry said.
Apart from being a key regional ally and close business partner, Saudi Arabia also happens to be the largest source of foreign remittances for Pakistan.
These remittances are a lifeline for Pakistan's cash-strapped economy, playing a critical role in stabilizing foreign exchange reserves and supporting balance of payments.
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