{"id":52090,"date":"2024-10-11T12:24:04","date_gmt":"2024-10-11T07:24:04","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=52090"},"modified":"2024-10-11T12:24:04","modified_gmt":"2024-10-11T07:24:04","slug":"pakistan-saudi-arabia-ink-27-mous-for-cooperation-in-diverse-fields","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/pakistan-saudi-arabia-ink-27-mous-for-cooperation-in-diverse-fields\/","title":{"rendered":"Pakistan, Saudi Arabia ink 27 MoUs for cooperation in diverse fields"},"content":{"rendered":"<p>ISLAMABAD: Pakistan and <a href=\"https:\/\/dailyausaf.com\/en\/business\/no-limits-saudi-investment-minister-says-committed-to-enhance-investment-in-pakistan\/\">Saudi Arabia<\/a> have signed twenty-seven Memoranda of Understanding (<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/pakistan-saudi-arabia-ink-mous-worth-2-2b-in-various-sectors\/\">MoUs<\/a>) for cooperation in various fields, particularly in energy, agriculture, mining, human resources, and cyber security.<\/p>\n<p>The MoUs were exchanged at a ceremony held in Islamabad on Thursday.\u00a0 Prime Minister Shehbaz Sharif was also present on the occasion.<\/p>\n<p>The agreements include a 70 million dollar investment in the agriculture sector, the establishment of advanced semiconductor chip manufacturing in Saudi Arabia, the establishment of a textile industry, a white oil pipeline project, an MoU for exploring investment opportunities, a hybrid power project, development of transformer manufacturing facilities in both the countries, cyber security measures for customers and businesses, and the export of spices and vegetables from Pakistan.<\/p>\n<p>Additionally, the agreements outline the establishment of a manufacturing facility for surgical and dental equipment and collaboration on the federal government&#8217;s E-Taaleem and digitalization program.<\/p>\n<p>Earlier, addressing the ceremony, Prime Minister Shehbaz Sharif said Pakistan&#8217;s economic indicators have improved manifold in recent months due to prudent economic policies of the government, and the cooperation of friends like Saudi Arabia and China.<\/p>\n<p>He mentioned that our foreign remittances and exports are witnessing a surge, while inflation has decreased to 6.9 percent from 32 percent this month.<\/p>\n<p>The Prime Minister said Pakistan is moving towards deep-rooted reforms in its economy through stringent measures.<\/p>\n<p>He said while Pakistan and Saudi Arabia have always supported each other through thick and thin, the time has come now to transform these ties into a relationship of economic development, cooperation, and promotion of investment.<\/p>\n<p>Shehbaz Sharif assured the Saudi delegates of the government&#8217;s all-out support and commitment to implement the bilateral projects and endeavors without any delays and hurdles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Pakistan and Saudi Arabia have signed twenty-seven Memoranda of Understanding (MoUs) for cooperation in various fields, particularly in energy, agriculture, mining, human resources, and cyber security. The MoUs were exchanged at a ceremony held in Islamabad on Thursday.\u00a0 Prime Minister Shehbaz Sharif was also present on the occasion. The agreements include a 70 million [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":52092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[22879],"class_list":["post-52090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-pakistan-saudi-arabia"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/52090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=52090"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/52090\/revisions"}],"predecessor-version":[{"id":52093,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/52090\/revisions\/52093"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/52092"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=52090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=52090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=52090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}