Finance minister, Saudi envoy explore economic cooperation

Finance Minister Muhammad Aurangzeb and Saudi Arabia’s ambassador to Pakistan, Dr Rajeh Tami Albugamy, met to consider ways to expand trade, investment and wider economic ties, The Express Tribune reported. Their discussion covered agriculture, minerals and mining, with both sides seeking practical results from shared priorities and stronger commercial links.

Aurangzeb pointed to improved foreign exchange reserves and inflation, recent credit-rating upgrades, and Pakistan’s return to overseas borrowing through a $3 billion Eurobond. He also cited access to China’s capital market and said reforms and a predictable investment climate remained important for attracting capital. The meeting also addressed regional tensions and Pakistan’s potential as a trade and transit route, alongside the two countries’ commitment to closer cooperation.