Pakistan, Saudi Arabia discuss investment in agriculture, mining

Finance Minister Muhammad Aurangzeb and Saudi Ambassador Dr Rajeh Tami Albugamy discussed potential investment in agriculture, minerals and mining at a meeting on Thursday, Profit by Pakistan Today reported. The talks also covered stronger trade ties and business-to-business cooperation, with both sides seeking to turn shared priorities into commercial activity.

Aurangzeb pointed to improvements in Pakistan’s foreign exchange reserves and inflation, credit-rating upgrades, and its $3 billion Eurobond sale as signs of economic progress. The meeting comes amid efforts to attract Saudi capital, including proposals for a $10 billion Gwadar refinery and Saudi interest in a stake in the Reko Diq project. The two sides also considered Pakistan’s role as a regional trade and transit hub.