Pakistan Reaffirms Economic Partnership with Saudi Arabia
Finance Minister Muhammad Aurangzeb has reaffirmed Pakistan’s commitment to deepening its economic partnership with Saudi Arabia.
He met Saudi Finance Minister Mohammed Aljadaan on the sidelines of the IMF–World Bank Annual Meetings in Washington D.C.
Both sides reviewed the growing trade and investment ties between the two nations.
Aurangzeb sought Saudi support for infrastructure projects and highlighted Pakistan’s ongoing efforts to achieve long-term macroeconomic stability through structural reforms.
Focus on Privatization and Strategic Investments
During the meeting, Aurangzeb briefed his Saudi counterpart on the privatization process of Pakistan International Airlines (PIA) and major airports.
He underscored the government’s intent to attract strategic investments through transparency and efficiency.
The two ministers agreed that institutions like the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) can help mobilize and de-risk private investments in Pakistan.
Moreover, both reaffirmed their shared goal of enhancing cooperation in the energy, infrastructure, and trade sectors.
US DFC Meeting: Expanding Investment Opportunities
In another meeting, Aurangzeb met the CEO of the US International Development Finance Corporation (DFC).
He showcased Pakistan’s vast investment potential in oil and gas, mines and minerals, agriculture, IT, and pharmaceuticals.
The Finance Minister emphasized that Pakistan’s leadership strongly supports private sector-led growth.
He welcomed the DFC’s interest in funding projects that can strengthen Pakistan’s development and promote sustainable economic activity.
Commitment to Reform and Stability
Aurangzeb reiterated that Pakistan remains steadfast in implementing economic reforms under the IMF programme.
He said these efforts aim to restore investor confidence, improve fiscal discipline, and promote inclusive growth.
Consequently, the meetings reflect Pakistan’s proactive engagement with international partners to drive progress, expand investment flows, and secure long-term stability.
