KARACHI — Pakistan’s Finance Minister Muhammad Aurangzeb on Friday highlighted Saudi Arabia’s Vision 2030 as a blueprint for economic reform, stating that Pakistan has much to learn from the Kingdom’s ambitious development strategy.
Speaking virtually to Saudi investors and the Overseas Chamber of Commerce, Aurangzeb emphasized Pakistan’s openness to foreign investment and praised the global recognition of Saudi Vision 2030. “Pakistan warmly welcomes Saudi investors,” he said, noting the strategic alignment between the two nations.
Historic Defence Agreement Approved
The minister announced that the federal cabinet has approved a landmark defence agreement with Saudi Arabia, marking a new chapter in bilateral cooperation.
Positive Economic Indicators
Aurangzeb stated that Pakistan has achieved economic stability through government-led reforms, with all major indicators trending positively. He added that three leading global rating agencies have upgraded Pakistan’s economic outlook to “positive.”
Reform Agenda & Investment Climate
Pakistan is actively pursuing reforms in critical sectors such as energy and taxation, in consultation with stakeholders. The government remains committed to fostering an export-led growth model and creating a conducive environment for investors.
Global Engagement & Digital Future
The finance minister revealed that he will travel to Washington tonight to attend the annual meetings of the International Monetary Fund (IMF). He acknowledged ongoing challenges, including the rehabilitation of flood-affected communities, and reiterated Pakistan’s push toward a cashless, digitized economy to enhance transparency and financial inclusion.
This statement underscores Pakistan’s intent to align with global economic trends and deepen strategic ties with regional partners, particularly Saudi Arabia.
