Pakistan, Saudi Arabia discuss agriculture and mining investment

Pakistan and Saudi Arabia discussed investment opportunities in agriculture, minerals and mining at a meeting between Finance Minister Muhammad Aurangzeb and Saudi Ambassador Dr Rajeh Tami Albugamy on 29 October. The talks also covered other sectors with investment potential and ways to strengthen commercial engagement between the two countries.

Citing recent upgrades by international credit-rating agencies, Aurangzeb said Pakistan's foreign exchange reserves and inflation had improved. He pointed to Pakistan's $3 billion Eurobond issuance and access to China's capital market.

The finance minister said building on economic gains through structural reforms and a stable, predictable investment environment was important for investor confidence and investment-led growth. The Saudi ambassador highlighted the scope for stronger business-to-business ties to support economic opportunities.

The two sides also discussed Pakistan's potential to serve as a regional trade and transit hub, and exchanged views on regional conditions, peace and stability. They reaffirmed their commitment to closer cooperation in trade and investment.