ISLAMABAD: Pakistan and Saudi Arabia on Thursday signed a landmark memorandum of understanding (MoU) to enhance collaboration in combating corruption, preventing money laundering, and facilitating the recovery of stolen assets.
The agreement was signed by Mazin bin Ibrahim Al-Kahmous, President of the Oversight and Anti-Corruption Authority of Saudi Arabia (Nazaha), and Lt. General (Rtd) Nazir Ahmed, Chairman of Pakistan’s National Accountability Bureau (NAB), during the inaugural session of the Asset Recovery Interagency Network (ARIN) for the MENA region in Jeddah, Saudi Arabia, held from October 8–9, 2025.
Under the MoU, both agencies agreed to exchange information related to corruption and money laundering, strengthen asset tracing and recovery of criminal proceeds, and provide mutual cooperation in matters of mutual legal assistance (MLA).
The agreement also includes extending technical support for preparing MLA requests before their submission through diplomatic channels.
Speaking on the occasion, Mazin bin Ibrahim Al-Kahmous praised NAB’s reforms, which have resulted in recoveries of 6.4 trillion Pakistani rupees (approximately $23 billion USD) in a short period. He also commended Chairman NAB’s address at the MENA ARIN forum for highlighting the challenges faced by states in combating corruption.
Lt. General Nazir Ahmed acknowledged Saudi Arabia’s anti-corruption initiatives and emphasized that recent defense agreements between the two countries would further strengthen bilateral ties.
Chairman NAB invited Mazin bin Ibrahim Al-Kahmous to visit Pakistan to reinforce cooperation and the longstanding relationship between the two nations.
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