Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: One was killed, another injured in a raid by an Israeli drone on the city of Khiam in South Lebanon
London views possibility of setting fire to tanker in port of friendly country to Russia to damage port infrastructure, initiate an international probe: Moscow
One of London's scenarios involves setting up accident with 'undesirable' tanker in one of the bottlenecks of maritime communications: Russian foreign intelligence agency
London plans to organize major sabotage with tankers to declare transportation of Russian oil to international shipping: Russian foreign intelligence agency
UK intelligence agencies plan to use NATO allies to launch massive raid on 'Shadow Fleet': Russian foreign intelligence agency
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.

Pakistan's Sharif meets MBS, MBZ, secures $8 bln package

  • By Al Mayadeen Net
  • Source: Agencies
  • 1 May 2022 13:43
  • 1 Shares
3 Min Read

This would mark the first visit for the new Pakistani prime minister to the Gulf countries since his election.

  • x
  • A handout picture provided by the Saudi Royal Palace shows Saudi Arabia's Crown Prince Mohammed bin Salman (R) welcoming Pakistani Prime Minister Shehbaz Sharif in Jeddah on April 30, 2022. (SPA)
    Saudi Arabia's Crown Prince Mohammed bin Salman (R) welcoming Pakistani Prime Minister Shehbaz Sharif in Jeddah on April 30, 2022. (SPA)

Pakistan, which has been struggling with an economic slump, has inked an $8 billion deal with Saudi Arabia during a visit between new Pakistani Prime Minister Shahbaz Sharif and Saudi Crown prince Mohammad bin Salman. 

According to a joint statement, the two sides emphasized the importance of bolstering ties through the Saudi-Pakistani Supreme Coordination Council (SPC), creating a diversification strategy in intra-trade between Riyadh and Islamabad, in addition to intensifying communication between the private sectors of the two countries. In the meeting, they discussed trade and investment opportunities, with the aim to translate them into tangible partnerships. 

Saudi Arabia affirmed its "continuous support" to Pakistan and its economy, "including the discussion of augmenting the $3 billion deposit with the central bank through term extension or otherwise, and exploring options to further enhance the financing of petroleum products and supporting the economic structural reforms for the benefit of Pakistan and its people".

The two sides agreed to "deepen and raise the pace of investment cooperation between the two countries, stimulate partnerships and enable investment opportunities for integration between the private sector in the two countries."

Concerning Yemen, the two sides reiterated their condemnation of what they described as "the Houthi terrorist militia" (Ansar Allah) threat to Saudi security, while seeking a comprehensive political solution to the Yemeni crisis. 

Related News

Desperate to keep Khan out of gov., PPP, PLM-N rush to form coalition

New non-bailable arrest warrant issued for ex-Pakistan PM Khan: Media

Read more: Yemen: 124 Saudi violations of truce recorded in the past 24 hours

 

As for the Palestinian cause, they both stressed the "importance of preserving the status of Al-Quds" and the Islamic identity of the city, while achieving "peace" in accordance with relevant resolutions and "international legitimacy" where Palestinians are guaranteed an "independent state" on the 1967 borders with occupied Al-Quds as the capital.

Read more: Another Palestinian martyr falls by Israeli occupation fire

 

Regarding Syria, they spoke of the importance of reaching a "political solution to the crisis that fulfills the aspirations of the Syrian people and preserves Syria’s unity and territorial integrity."

On April 11, the Pakistani parliament announced the election of Shahbaz Sharif as the new prime minister to succeed Imran Khan, who ousted after a strong pressure campaign that led to a vote of no confidence in him.

Visit to the UAE

  •  Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, exchanging views with Shahbaz Sharif, Prime Minister of Pakistan at Al Shati Palace in Abu Dhabi on Saturday evening. (WAM)
    Sheikh Mohamed bin Zayed Al Nahyan and Shahbaz Sharif at Al Shati Palace in Abu Dhabi on Saturday evening. (WAM)

Sharif also discussed with the Crown Prince of Abu Dhabi, Mohammed bin Zayed Al Nahyan, ways to strengthen relations, in addition to regional and international issues.

The Emirates News Agency reported that Sharif and the Crown Prince of Abu Dhabi met at Al Shati Palace, without specifying the duration of the first visit.

The two sides discussed the "historic relations of the two countries and ways to strengthen and expand their horizons in various fields, in addition to a number of regional and international issues of common concern", without giving details on those issues.

The Crown Prince of Abu Dhabi stressed his country's keenness to "strengthen relations with the UAE in various fields, and to consult and exchange views with it on developments and developments in the region and the world," according to the agency.

  • Shahbaz Sharif
  • Pakistan
  • Mohammed Bin Salman
  • Saudi Arabia

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS