Pakistan, Saudi Arabia discuss investment in agriculture, minerals and mining

Pakistan and Saudi Arabia explored ways to expand investment cooperation in agriculture, minerals and mining during a meeting on Thursday, The Express Tribune reported. Finance Minister Muhammad Aurangzeb met Saudi Ambassador Dr Rajeh Tami Albugamy, with both sides discussing how to turn shared priorities into practical commercial activity.

Aurangzeb referred to improved foreign exchange reserves and inflation, credit-rating upgrades, Pakistan’s $3 billion Eurobond issuance and access to China’s capital market. He also said structural reforms and a predictable investment climate were important for attracting capital. The discussions covered Pakistan’s potential as a regional trade and transit hub, while both sides stressed continued cooperation and stronger business ties.