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Finance Minister Meets Saudi Counterpart, Citi-Bank delegation

Islamabad/Washington (TDI): Finance Minister, Muhammad Aurangzeb has met with his Saudi counterpart Mohammed Aljadaan, on the sidelines of the World Bank-IMF Annual Meetings in Washington DC.

Appreciating the historical, fraternal bonds between Pakistan and the Kingdom of Saudi Arabia, the two Ministers resolved to further deepen mutually beneficial economic ties, enhance bilateral trade, and facilitate investments in key sectors, Pakistan’s Finance Division stated on Wednesday.

Read More: Pak-Saudi Economic Ties Boundless: Al-Falih

The Saudi Minister also shared his experience of reforms in the energy sector. Both sides agreed to advance cooperation in areas of mutual interest.

Earlier, the Pakistani delegation in the leadership of the finance minister had briefed IMF on reforms in Pakistan including energy sector.

Separately, the minister held meeting with a delegation from CitiBank led by Jay Collins, Vice Chair of Public Sector.

During the meeting, the Finance Minister briefed the delegation on Pakistan’s economic stabilization and the ongoing reforms in the areas of taxation, energy, SOEs, pensions, and government rightsizing.

Also Read: Pakistan Updates IMF on Reforms in Taxation, Energy

He also outlined the long-term “Road-to-Market” strategy, stating that tapping into international capital markets would be on the government’s agenda in due course.

Recently, several international institutions lauded reforms in Pakistan and also the country’s efforts for stabilization.

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