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PM Shehbaz, Saudi Crown Prince agree on economic package amid Iran–US diplomacy push

Published on: June 20, 2026 11:59 AM

Saudi Crown Prince Mohammed bin Salman (right) and Pakistani Prime Minister Shehbaz Sharif meet in Riyadh on Wednesday.

ISLAMABAD: Prime Minister Shehbaz Sharif held a telephone conversation with Saudi Crown Prince Mohammed bin Salman on Friday, during which both leaders agreed to finalise and sign a comprehensive economic package between Pakistan and Saudi Arabia, according to the Prime Minister’s Office.

During the call, both sides reaffirmed their commitment to strengthening bilateral economic cooperation and expressed satisfaction over the current trajectory of relations between Islamabad and Riyadh. The two leaders also emphasised continued coordination in the coming weeks.

The PMO statement said that the prime minister appreciated Saudi Arabia’s support for Pakistan’s diplomatic efforts related to the recently signed “Islamabad MoU,” which aims to stabilise regional tensions following the US–Iran agreement framework.

Both leaders also agreed that the next phase of negotiations between the United States and Iran should proceed through dialogue and diplomacy, while remaining vigilant against any attempt to derail the process.

PM Shehbaz praised Saudi Arabia’s leadership role in supporting regional stability and thanked the Crown Prince for what he described as consistent backing for Pakistan’s peace initiatives. He also reiterated his invitation for an official visit by the Saudi Crown Prince to Pakistan at a mutually convenient time.

In response, Mohammed bin Salman commended Pakistan’s diplomatic engagement in facilitating regional discussions and reportedly praised the efforts of Pakistan’s military leadership in supporting the peace framework.

The conversation comes amid heightened diplomatic activity following the signing of the US–Iran interim understanding earlier this week, which marked a pause in hostilities that had escalated into a wider regional conflict. Pakistan has emerged as a key intermediary in efforts to stabilize tensions and encourage structured negotiations between the two sides.

The leaders also reportedly agreed to maintain close coordination on both economic and diplomatic fronts, particularly as regional developments continue to evolve.

Filed Under: Pakistan Tagged With: Diplomacy, Economic package, Latest, lead23, MBS, Pakistan, Saudi Arabia, Shehbaz Sharif, US Iran talks

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