Pakistan, Saudi Arabia explore new avenues for bilateral investment

Pakistan and Saudi Arabia discussed ways to broaden trade and investment, including cooperation in agriculture, minerals and mining, Mettis Global reported on October 29. The talks took place when Saudi Ambassador Dr. Rajeh Tami Albugamy met Finance Minister Muhammad Aurangzeb to consider economic cooperation and shared priorities.

Aurangzeb pointed to improving foreign exchange reserves and inflation, recent credit-rating upgrades, and Pakistan’s return to international capital markets through a $3 billion Eurobond issue, as well as access to China’s capital market. He said structural reforms and a predictable investment climate remain priorities, while both sides called for closer commercial ties and practical investment outcomes. The meeting also addressed regional stability and Pakistan’s potential as a trade and transit hub.