PM to depart for two-day Saudi Arabia visit tomorrow

Prime Minister Shehbaz Sharif would depart for a two-day visit to the Kingdom of Saudi Arabia (KSA) on Monday, ARY News reported. 

The PM would participate in the Saudi Investment Summit (SIS) and meet with Saudi Crown Prince Muhammad Bin Salman and King Salman bin Abdul Aziz.

The PM is embarking on the tour on Crown Prince Muhammad Bin Salman’s invitation.

Sources say that the Crown Prine MBS is also expected to visit Pakistan next month.

Pakistan, in the wake of statements made against the Kingdom in the context of the Organization of Oil Exporting Countries (OPEC+) decision, expressed solidarity with the leadership of Saudi Arabia.

“We appreciate the concerns of the Kingdom of Saudi Arabia for avoiding market volatility and ensuring global economic stability,” the Foreign Office said in a statement.

The statement added, “Pakistan encourages a constructive approach on such issues based on engagement and mutual respect.”

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“We reaffirm our long-standing, abiding and fraternal ties with the Kingdom of Saudi Arabia,” the statement maintained.

Earlier this month, Opec+, the producer group comprising the Organisation of the Petroleum Exporting Countries (Opec) plus allies including Russia, agreed to reduce two million barrels per day from November.