The recent meeting between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman in Riyadh was their fifth interaction in six months. He was in Saudi Arabia to attend the Water Summit. These too-frequent interactions only highlight the strengthening of bilateral ties. The Saudi crown prince expressed joy at the meeting, saying that he had deep respect and affection for Pakistan. Saudi Arabia, Pakistan’s closest ally, has shown unwavering support. A notable gesture is the rollover of its $3 billion deposit for one year, which signals its acknowledgement of Pakistan’s economic challenges. Due to global uncertainties, such steps underline Saudi Arabia’s solidarity.
Prime Minister Shehbaz Sharif presented a six-point agenda at the Water Summit. He addressed global threats like glacier melt, water scarcity and agricultural risks. He urged immediate collective action from the international community. For Pakistan, these issues are compounded by severe economic challenges.
The government is working to stabilise the economy and has put focus on tax collection, reducing expenses, and meeting IMF conditions. Efforts to manage $100 billion in debt repayments over four years include securing aid from allies like China, UAE, and Qatar. Recent agreements with Belarus in trade, health, and environment also signify progress.
Russia’s offer to provide discounted crude oil from next month is another breakthrough, promising relief for Pakistan’s economy and industries. Amid these strides, domestic stability remains a concern.
The prime minister is concerned about the disruption of economic recovery through protests. He has ordered investigations into the November 24 Islamabad riots, which he says aim to hold lawbreakers accountable. The government stresses that peaceful protests must follow lawful protocols, avoiding harm to public property and law enforcement.
The situation demands a balanced approach. Adopting protest guidelines similar to those in countries like the UK can safeguard public interests. Saudi Arabia’s continued support, including the $3 billion deposit extension, reflects its commitment to Pakistan during these testing times.
With a focus on economic stability and international cooperation, Pakistan can overcome its challenges. Maintaining harmony and fostering partnerships is key to navigating the current crises effectively.
