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
Israeli media: One settler dead in a shelter in Ramat Gan.
Israeli military command reports a fourth launch has been detected.
Israeli media reports eight settlers dead so far in Beer al-Sabe'.
Israeli media reports three settlers dead, several others injured in Beer al-Sabe'.
Sirens blast in Tel Aviv.
Israeli military command: In the first wave 2 missiles were launched, in the second wave 4 missiles were launched
Israeli military command: Another launch has been detected
Israeli media: 1 settler killed, 6 injured in a preliminary toll
Preliminary reports indicate that an Iranian missile made a direct hit in al-Naqab.
Israeli media: An Iranian missile directly hit a 7-level building in Beer al-Sabe'.

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

Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Iran launches missile barrage to Tel Aviv, casualties reported

True Promise 3, wave 14: Tel Aviv targeted, casualties reported

  • Politics
  • 19 Jun 2025
Iran's heavy barrages impact multiple Israeli targets overnight

Iran's heavy barrages impact multiple Israeli targets overnight

  • Palestine
  • 18 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
President Donald Trump speaks with reporters upon arriving at Morristown Municipal Airport in Morristown, N.J., Friday, June 20, 2025. (AP Photo/Manuel Balce Ceneta)
Politics

Trump lashes out at media outlets for downplaying Iran strike impact

ap
Politics

Turkey denies role in US-Israeli strikes on Iran nuclear sites

Iran targets US air base in Qatar with 'destructive' missile strike
MENA

Iran retaliates, targets US air base in Qatar with missiles

Demonstrators hold up a banner during a protest by Palestine Action group in London, Monday, June 23, 2025. (AP Photo/Frank Augstein)
Politics

UK signals 'terror' ban on 'Palestine Action', sparking protests

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