WASHINGTON D.C: Pakistan’s finance minister Mohammad Aurangzeb has reaffirmed Pakistan’s commitment to fostering a deeper economic partnership with Saudi Arabia.
During a meeting with Saudi finance minister Mohammed Aljadaan on the sidelines of the IMF–World Bank annual meetings in Washington D.C, he sought Saudi support for infrastructure development projects.
Both sides reviewed the growing trade and investment relations.
The finance minister reaffirmed that Pakistan remains steadfast in pursuing economic reforms under the IMF programme to ensure long-term macroeconomic stability.
He apprised his Saudi counterpart of the ongoing privatization process of Pakistan International Airlines (PIA) and key airports, underscoring the government’s resolve to attract strategic investments through transparency and efficiency.
The two ministers agreed that institutions such as the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) could play a vital role in mobilizing and de-risking private sector investments in Pakistan.
During a meeting with CEO of the US International Development Finance Corporation in Washington D.C, Mohammad Aurangzeb highlighted significant investment opportunities with Pakistan’s oil and gas, mines and minerals, agriculture, IT and pharmaceutical sectors.
The finance minister underscored the consensus at the leadership level to enhance trade and investment ties.
He welcomed the DFC’s interest in facilitating private sector-led funding for projects in Pakistan.
