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Prime Minister Shehbaz Sharif will depart from Islamabad for Jeddah today on an official visit to Saudi Arabia, the Prime Minister\u2019s Office (PMO) said in a post on social media on Wednesday.<\/p>\n
The premier will be accompanied by a high-level delegation, the statement said.<\/p>\n \n <\/a>\n <\/p><\/blockquote>\n <\/span><\/div>\n<\/figure>\n Pakistan and Saudi Arabia have long shared a multifaceted relationship rooted in strategic military cooperation, mutual economic interests, and shared Islamic heritage. These ties have encompassed economic assistance<\/u><\/a> and energy supplies<\/u><\/a>, with Riyadh being a significant source<\/u><\/a> of financial aid and oil for Islamabad.<\/p>\n Earlier today, the finance ministry announced<\/a> that Saudi Arabia has pledged an additional $3 billion in deposits for Pakistan and has extended its existing $5 billion facility for a further three years.<\/p>\n The ministry further stated that the existing $5 billion Saudi deposit would no longer be subject to the previous annual rollover<\/u><\/a> arrangement and would instead be extended for a longer term.<\/p>\n On April 11, the Saudi defence ministry confirmed that Pakistan has sent a military force<\/a> and fighter jets to Saudi Arabia to boost security under a joint defence cooperation agreement between the two countries.<\/p>\n In September of last year, Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman signed<\/u><\/a> a \u201cStrategic Mutual Defence Agreement\u201d in Riyadh, pledging that any attack on either nation would be treated as an act of aggression against both.<\/p>\n More to follow<\/em><\/p>\n<\/p>\n
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