Pakistan aims to strengthen economic ties with Saudi Arabia, Qatar

January 23, 2025 (MLN): To strengthen the partnership with Saudi Arabia and Qatar, Pakistan aims to elevate the level of economic engagement, expanding bilateral investment, trade, and financial ties for the benefit of all three countries.

This discussion took place during a meeting between Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and Mohammed bin Abdullah Al-Jadaan, Minister of Finance of the Kingdom of Saudi Arabia.

The meeting also included Ali Ahmed Al Kuwari, Minister of Finance of Qatar, and was held on the sidelines of the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, according to the press release issued.

During the meeting with Mohammed bin Abdullah Al-Jadaan, the Finance Minister highlighted the key reform measures undertaken by the Government of Pakistan to promote economic stability and sustainable growth.

He briefed his Saudi counterpart on the structural reforms, fiscal discipline, and regulatory improvements that have contributed to an improved investment climate in Pakistan.

Both ministers exchanged views on regional economic development and discussed potential avenues for deepening bilateral investment and financial cooperation.

 They emphasized the long-standing brotherly relations between Pakistan and Saudi Arabia and explored ways to enhance collaboration in sectors of mutual interest, including trade, infrastructure, and energy.

The meeting concluded on a positive note, with both sides reaffirming their commitment to further strengthening the economic and financial ties between the two countries for shared prosperity.

Meanwhile, Muhammad Aurangzeb also met with the Minister of Finance of Qatar to discuss avenues for enhancing economic and investment cooperation between the two brotherly nations.

During the meeting, Muhammad Aurangzeb briefed his Qatari counterpart on Pakistan’s recent economic progress.

He highlighted Pakistan's improved international financial ratings, which reflect the country’s robust efforts toward fiscal reforms, macroeconomic stability, and sustainable development.

The finance minister emphasized that these improvements are positioning Pakistan as an attractive destination for foreign investment, especially from key partner nations like Qatar.

Both ministers underscored the deep-rooted ties between Pakistan and Qatar, reaffirming their commitment to further enhancing economic cooperation in mutually beneficial sectors.

They explored various avenues for expanding bilateral ties and financial collaboration in sectors such as energy, infrastructure development, and technology.

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