Finance Minister Muhammad Aurangzeb and Saudi Ambassador Dr Rajeh Tami Albugamy explore investment opportunities in agriculture, minerals, mining and other key sectors.
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met Saudi Ambassador to Pakistan Dr Rajeh Tami Albugamy to discuss bilateral economic cooperation, trade, investment and regional developments.
During the meeting, Aurangzeb welcomed the ambassador and reaffirmed the longstanding friendship between Pakistan and Saudi Arabia. He appreciated Riyadh’s continued support for Islamabad and stressed the need to further strengthen economic ties.
The Saudi ambassador highlighted the historic relationship between the two countries, founded on shared faith, history and mutual trust. He emphasised that stronger business-to-business engagement could deepen people-to-people connections and create mutually beneficial economic opportunities.
Aurangzeb briefed the ambassador on Pakistan’s progress towards macroeconomic stability, citing improvements in foreign exchange reserves and inflation, alongside recent upgrades by international credit-rating agencies.
He also highlighted Pakistan’s return to international capital markets through a recent US$3 billion Eurobond issuance and its access to China’s capital market. The minister stressed the importance of sustaining these gains to strengthen investor confidence and promote investment-led economic growth.
Both sides discussed potential collaboration in agriculture, minerals, mining and other sectors offering investment opportunities. They underlined the need to translate shared priorities into tangible results and expand commercial engagement between the two countries.
The meeting also covered the prevailing regional situation and ongoing conflict, with both sides emphasising the importance of peace, stability and cooperation to address emerging challenges and protect regional economic prospects.
Aurangzeb highlighted Pakistan’s strategic geographical location and its potential to serve as a regional trade and transit hub, facilitating connectivity and wider economic cooperation.
The finance minister reiterated the government’s commitment to structural reforms and maintaining a stable, predictable investment environment to attract domestic and foreign capital.
The meeting reaffirmed Pakistan and Saudi Arabia’s commitment to strengthening their strategic partnership, expanding trade and investment, and advancing shared economic priorities through continued engagement.