Washington (TDI): Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with Mohammed Aljadaan, Finance Minister of Saudi Arabia, on the sidelines of the IMF–World Bank Annual Meetings in Washington D.C.
During the meeting, both sides reviewed the growing trade and investment relations between Pakistan and Saudi Arabia.
The Finance Minister reaffirmed that Pakistan remains steadfast in pursuing economic reforms under the IMF program to ensure long-term macroeconomic stability.
Read More: Pakistan, Saudi Arabia to Unveil New Economic Initiatives During Sharif’s Riyadh Visit
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.
Read More: Pakistan Pitches 40 Projects to Visiting Saudi Delegation
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.
Senator Aurangzeb also sought Saudi support for infrastructure development projects, emphasizing Pakistan’s commitment to fostering a deeper economic partnership with the Kingdom.
Sohail Majeed
Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.
