Pakistan and Saudi Arabia have reiterated their commitment to strengthening economic cooperation during high-level discussions in Riyadh between Pakistan Finance Minister Senator Muhammad Aurangzeb and Saudi Vice Minister of Finance Abdulmuhsen Al-Khalaf. According to a statement released by the Finance Division on Thursday, both sides reviewed Pakistan’s improving macroeconomic indicators and highlighted a mutual resolve to enhance bilateral economic ties across multiple sectors.
During the meeting, Aurangzeb expressed gratitude to Saudi Arabia for its continued bilateral and multilateral support to Pakistan’s economy, emphasizing the importance of strategic collaboration in addressing regional and global economic challenges. The discussions also covered the framework for sustained coordination at tactical and strategic levels, ensuring that the priorities of both governments are aligned and that joint initiatives can be effectively implemented.
As part of ongoing engagement, the two countries have agreed to organize a business forum in January 2026 to provide a platform for private-sector leaders, policymakers, and investors to explore opportunities in trade, investment, and industrial development. This forum is expected to focus on key sectors, including finance, energy, technology, and infrastructure, highlighting avenues for collaboration that support Pakistan’s economic growth and Saudi Arabia’s Vision 2030 objectives.
Finance Minister Aurangzeb’s visit to Saudi Arabia also includes participation in the Momentum Development Finance Conference in Riyadh, which brings together global financial leaders to discuss sustainable development, investment strategies, and innovative financing solutions. During his stay, Aurangzeb met Mohammed Al-Tuwaijri, Advisor at the Royal Court, and participated in media engagements to share updates on Pakistan’s economic reforms and macroeconomic progress.
Officials noted that this visit reflects the ongoing efforts by both governments to expand economic relations, encourage private-sector collaboration, and create a favorable environment for investment. The discussions underscored the importance of long-term cooperation, regional stability, and shared economic growth objectives. By maintaining close dialogue and fostering business-to-business connections, Pakistan and Saudi Arabia aim to strengthen trade ties and enhance mutual economic benefits.
The upcoming business forum and continued high-level coordination are seen as critical steps in advancing bilateral engagement and creating a roadmap for sustainable economic partnership. Both nations have emphasized their commitment to exploring innovative solutions, leveraging each other’s strengths, and facilitating investment flows that contribute to broader regional development. This renewed collaboration signals a strategic alignment that prioritizes economic resilience, infrastructure development, and cross-border trade expansion between Pakistan and Saudi Arabia.
Follow the SPIN IDG WhatsApp Channel for updates across the Smart Pakistan Insights Network covering all of Pakistan’s technology ecosystem.
