Pakistan, Saudi Arabia Launch Economic Cooperation Framework
Islamabad, pakistan – Pakistan and Saudi Arabia have launched an economic Cooperation Framework aimed at bolstering trade and growth between the two nations, the Pakistani Foreign Office (FO) announced today. The initiative seeks to deepen the multifaceted partnership across all domains and strengthen the longstanding bonds of brotherhood and friendship.
The framework builds upon decades of close ties encompassing strategic military cooperation, mutual economic interests, and shared Islamic heritage. It follows recent agreements including a “Strategic Mutual Defense Agreement” signed last month, pledging mutual defense against aggression, and investment deals totaling $5 billion signed earlier this year.
“They agreed to further deepen the Pak-saudi multifaceted partnership across all domains, and to continue strengthening the bonds of brotherhood and friendship between the two countries,” the FO stated in a post on X (formerly Twitter).
Pakistan and Saudi Arabia have a history of economic assistance and energy supplies, with Riyadh being a significant source of financial aid and oil for Islamabad. In 2024,the two countries signed 34 Memoranda of Understanding (MoUs) worth $2.8 billion, following an earlier deal of 27 MoUs valued at $2.2 billion. The new Economic Cooperation Framework is expected to facilitate further investment and trade,contributing to economic growth in both nations and regional stability.
