Saudi-Pakistan: Shared history and economic cooperation
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The relationship between Saudi Arabia and Pakistan extends to decades of mutual interests, economic cooperation, military and defense ties and reverence for Islam. Indeed, this relationship has strengthened and evolved over the years with the help of the personal relationships of the respective leadership playing a crucial role in fostering cohesion and solidarity.
Saudi Arabia celebrates its national day annually on September 23, today, to commemorate the proclamation that renamed the Kingdom of Nejd and Hejaz as the Kingdom of Saudi Arabia in 1932 through a royal decree by King Abdul Aziz bin Saud. Since then, the Kingdom has emerged as an economic giant on the map of the world and has been extending financial assistance to other developing Muslim nations, including Pakistan. In fact, it would not be an exaggeration to say that Saudi Arabia recently ‘rescued’ Islamabad from a looming loan default by depositing $3 billion in the country’s central bank.
Above all, over 2.7 million Pakistanis live and work in Saudi Arabia, a major source of much-needed........
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