Islamabad/Riyadh: Pakistan and Saudi Arabia have officially launched a New Economic Partnership Framework (NEPF) aimed at deepening bilateral cooperation in trade, investment, energy, and infrastructure development. The agreement marks a significant milestone in the longstanding friendship between the two brotherly nations.
Under the new framework, both countries will focus on expanding collaboration in key sectors including renewable energy, petroleum, mining, agriculture, and information technology. The initiative also seeks to encourage Saudi investments in Pakistan’s Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC).
Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman hailed the partnership as a “transformative step” toward mutual economic growth and regional stability.
Officials confirmed that joint working groups will soon be formed to monitor progress and ensure swift implementation of agreed projects.
