Cabinet mandated the energy minister to discuss and sign an energy MoU with Pakistan, state news agency SPA reported yesterday. No further details were disclosed.

This could be paving the road for more: Pakistani officials said earlier this month that their country plans to have a number of “major agreements” ready for signing ahead of a Saudi delegation visit to Islamabad. Their statements come amid speculation on when Crown Prince and Prime Minister Mohammed bin Salman would visit Pakistan after a delegation of senior Saudi officials attended a two-day investment conference in the South Asian country.

REMEMBER- Crisis-hit Pakistan is seeking a USD 5 bn investment package from Saudi that was discussed during a meeting between the Crown Prince and Pakistan’s prime minister lastmonth. Saudi has been among key supporters of Pakistan, extending the term of a USD 3 bn in deposit at the State Bank of Pakistan for an additional year to mature in December 2024. This is in addition to USD 2 bn in financial assistance from the Kingdom last year to shore up the country’s finances.

Also approved at yesterday’s Cabinet meeting:

  • Mandating the environment, water and agriculture minister to discuss and sign an MoU with Tajikistan on environment preservation;
  • Mandating the transport and logistic services minister to discuss and sign an MoU with Costa Rica on air transport services;
  • Mandating the interior minister to discuss and sign a MoU with Qatar in training and research activities;
  • An MoU for logistics services with Djibouti;
  • A cooperation agreement between the Presidency of State Security and Pakistan’s military intelligence agency on combating terrorism and financing;
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