Pakistan, Saudi Arabia explore new avenues for bilateral investment

 October 29, 2026 (MLN): Pakistan and Saudi Arabia have discussed expanding bilateral trade and investment, with a focus on agriculture, minerals, mining and other sectors offering potential for cooperation.

The discussions took place during a meeting between Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and Saudi Ambassador to Pakistan Dr. Rajeh Tami Albugamy, who called on the minister to discuss economic cooperation and shared priorities.

Muhammad Aurangzeb highlighted Pakistan’s progress in restoring macroeconomic stability, citing improvements in foreign exchange reserves and inflation, along with recent credit-rating upgrades by international agencies.

He also highlighted Pakistan’s return to international capital markets through a recent $3 billion Eurobond issuance and its access to China’s capital market, stressing the need to build on these gains to strengthen investor confidence and promote sustainable, investment-led growth.

The finance minister reaffirmed Pakistan’s commitment to structural reforms and maintaining a stable and predictable investment environment to attract domestic and foreign investors.

The Saudi ambassador underscored the longstanding relationship between the two countries, founded on shared faith, history, mutual trust and respect. He noted that stronger business-to-business engagement could deepen people-to-people ties and generate mutually beneficial economic opportunities.

Both sides stressed the need to convert shared economic priorities into tangible results by strengthening commercial engagement and pursuing investment opportunities across key sectors.

The meeting also covered the 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.

Muhammad Aurangzeb also highlighted Pakistan’s strategic geographical position and its potential to serve as a regional trade and transit hub, supporting connectivity and broader economic cooperation.

The meeting reaffirmed the commitment of Pakistan and Saudi Arabia to strengthening their strategic partnership and expanding trade and investment ties through continued engagement.

Copyright Mettis Link News