Islamabad, January 19, 2026 – Pakistan’s Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a high-level meeting with Saudi Finance Minister Mohammed Aljadaan on Monday on the sidelines of the World Economic Forum (WEF) Annual Meeting 2026 in Davos, focusing on strengthening bilateral economic cooperation.
The meeting provided an opportunity for both leaders to review Pakistan’s recent economic progress and explore ways to further deepen the long-standing economic partnership between Pakistan and the Kingdom of Saudi Arabia. Minister Aljadaan expressed positive views on Pakistan’s improving economic outlook, while Senator Aurangzeb thanked Saudi Arabia for its continued and unwavering support, highlighting the deep-rooted ties between the two brotherly nations.
Briefing his counterpart, Senator Aurangzeb said Pakistan’s economy was on a stable growth trajectory, with strengthened foreign exchange reserves now providing around three months of import cover. He highlighted growing investor confidence, noting that 16 IPOs are currently in the pipeline, following nine successful listings last year, and the entry of over 120,000 new investors into the capital market.
The finance minister shared that interest rates are easing, economic growth reached 3.1 percent last year, and accelerated to 3.7 percent in the first quarter of the current fiscal year. He reiterated the government’s focus on sustainable current account management and inclusive GDP growth.
Senator Aurangzeb also highlighted rising remittance inflows, projected to exceed USD 41 billion, growth in IT services exports, increased foreign direct investment, and ongoing privatization initiatives, including progress on PIA, power distribution companies, and major airports.
Minister Aljadaan shared Saudi Arabia’s successful privatization experience, citing airport reforms as a model of long-term economic gains. The meeting concluded with both sides reaffirming their commitment to expanding mutually beneficial economic relations.