Ministry of Information and Broadcasting of the Islamic Republic of Pakistan

10/09/2025 | Press release | Distributed by Public on 10/09/2025 11:14

PR No. 67 Memorandum of understanding (MoU) between NAZAHA, Kingdom of Saudi Arabia

Islamic Republic of Pakistan and Royal Kingdom of Saudi Arabia have signed today a land mark agreement to strengthen cooperation concerning anti-corruption, anti-money laundering and recovery of stolen assets. The MoU was signed by his excellency Mazin bin Ibrahim Al-Kahmous, President of the Oversight and Anti-Corruption Authority of the Kingdom of the Saudi Arabia (Nazaha) and Lt. General (Rtd) Nazir Ahmed, Chairman National accountability Bureau (NAB) Pakistan. The MoU was signed during the inaugural session of Asset Recovery Interagency Network for MENA region being held at Jeddah KSA from 8-9 October, 2025. Under this MoU, both agencies have agreed to strengthen collaboration through the exchange of information related to corruption and money laundering. Asset tracing and recovery of proceeds of crime is also a common area of interest. Furthermore, the MoU envisions mutual cooperation in matters related to mutual legal assistance (MLA), and extending technical support for the preparation of MLA requests prior to their submission through diplomatic channels. Speaking on the occasion, his excellency lauded NAB efforts in global drive against corruption, especially the innovative reforms that have yielded unprecedented recoveries of 6.4 trillion Pakistani Rupees equivalent to 23 billion USD in a short span of time. He particularly praised Chairman NAB's address to the MENA ARIN forum that objectively covered the challenges faced by all states in curbing corruption. Lt General Nazir Ahmed, lauded Saudi leadership in taking successive anti-corruption initiatives that has rejuvenated regional anti-corruption efforts. He particularly praised the recent land mark defence agreement between the two countries that will further augment the brotherly ties between the two countries. Chairman NAB extended invitation to HE Mazin bin Ibrahim Al-Kahmous, the president of Nazaha to visit Pakistan to further cement bilateral cooperation and brotherly ties.
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