ISLAMABAD: Pakistan’s Minister for Finance and Revenue Senator Muhammad Aurangzeb has expressed gratitude to the Kingdom of Saudi Arabia for providing consistent economic support to Pakistan, Radio Pakistan reported.
The Minister made these remarks during a meeting with the Ambassador of Saudi Arabia Nawaf Bin Said Al-Malki, who called on him in Islamabad on Wednesday.
He stressed that structural reforms are crucial for ensuring sustainable economic growth and stability, forming a cornerstone of the government’s policy agenda.
Senator Aurangzeb highlighted the interest of Saudi investors in pursuing joint ventures and business collaborations with Pakistan’s private sector.
He also referred to his productive meetings with Saudi Finance Minister, Mohammad Al-Jadaan, and the CEO of the Saudi Fund for Development, Sultan Abdulrahman Al-Marshad, during his visit to Washington in April this year.
Muhammad Aurangzeb underscored Pakistan’s positive economic trajectory, citing major indicators such as reduced inflation, currency stabilization, prudent management of the current account deficit, a surge in remittances and foreign exchange reserves sufficient to cover two months of imports.
Saudi Ambassador Nawaf Bin Said Al-Malki on the occasion commended the Government of Pakistan’s efforts in implementing structural and institutional reforms and reiterated the Kingdom’s unwavering commitment to contributing to Pakistan’s economic growth.
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The Ambassador also highlighted the immense potential for investment and business opportunities between the two countries.
He indicated that a Saudi business delegation is likely to visit Pakistan in the coming months to further explore areas for joint ventures and investments.
