ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb met Saudi Ambassador Dr. Nasser bin Abdullah Al-Buqami on Thursday to discuss ways to strengthen economic cooperation, trade and investment between Pakistan and Saudi Arabia.
According to a Finance Ministry statement, the meeting focused on further strengthening the longstanding friendship and brotherly ties between the two countries, which are rooted in shared faith, history, mutual trust and respect.
Aurangzeb thanked Saudi Arabia for its continued support for Pakistan and briefed the ambassador on recent economic developments, including improvements in economic stability, foreign exchange reserves and inflation, as well as an upgrade in the country’s international credit rating.
The meeting also discussed Pakistan’s planned issuance of $3 billion in Eurobonds and its efforts to regain access to international capital markets, including through access to China’s capital market.
Both sides explored investment opportunities in agriculture, minerals and mining, and other key sectors. They also stressed the need to strengthen trade links and translate shared priorities into practical outcomes.
The discussions also covered the regional situation and ongoing conflicts, with both sides underscoring the importance of promoting peace and stability while protecting the region’s economic potential.
Pakistan’s strategic geographical location and its potential to serve as a regional trade and transit hub were also highlighted.
Aurangzeb reaffirmed Pakistan’s commitment to continuing structural reforms and maintaining a stable and predictable environment for domestic and foreign investment.
The meeting concluded with both countries reaffirming their resolve to strengthen their strategic partnership and expand cooperation in trade and investment.
