Saudi Arabia and Pakistan agreed to launch an Economic Cooperation Framework and affirmed mutual desire to strengthen trade and investment relations to serve their common interests.In a joint statement released today, the Saudi Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud and Pakistani Prime Minister Muhammad Shehbaz Sharif agreed during their meeting held in Riyadh yesterday (Monday) to launch an Economic Cooperation Framework between the two countries.As part of the framework, the statement said, several strategic and high-impact projects will be discussed in the economic, trade, investment, and development fields that will contribute to strengthening cooperation between the two governments, enhancing the pivotal role of the private sector, and increasing trade exchange between the two countries.Priority sectors include energy, industry, mining, information technology, tourism, agriculture, and food security.Both sides are currently studying several joint economic projects, including signing a memorandum of understanding for the electricity interconnection project between the Kingdom and Pakistan, in addition to signing a memorandum of understanding for cooperation in the field of energy between the two nations.This framework reaffirms the two countries' shared vision toward building a sustainable partnership across various economic, trade, and investment fields.