Aurangzeb, Saudi envoy discuss economic cooperation

Finance Minister Muhammad Aurangzeb and Saudi Ambassador Dr Rajeh Tami Albugamy discussed trade, investment and broader economic cooperation at a meeting in Islamabad, Business Recorder reported. The two sides considered opportunities in agriculture, minerals and mining, and other areas with investment potential, while stressing the need to turn shared priorities into practical commercial outcomes.

Aurangzeb cited improvements in Pakistan’s foreign exchange reserves and inflation, recent credit-rating upgrades, and the country’s USD3 billion Eurobond issuance and access to China’s capital market. He also reaffirmed the government’s commitment to structural reforms and a predictable environment for investment, while both sides discussed Pakistan’s possible role as a regional trade and transit hub and the importance of regional peace and stability.