Aurangzeb welcomes Saudi investment as Pakistan’s economy stabilises

WEB DESK: Finance Minister Muhammad Aurangzeb on Friday extended an invitation to Saudi investors to explore opportunities in multiple sectors of Pakistan’s economy, assuring them of a conducive investment climate and government support.

Addressing Saudi investors virtually, the minister said Pakistan welcomes Saudi participation in its economic growth, noting that the country’s economy is moving in a positive direction. “It is the government’s responsibility to provide a stable and investor-friendly environment, and our efforts have begun yielding results,” he said.

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Aurangzeb added that, through consistent reforms and stakeholder consultation, Pakistan has achieved economic stability. “All three major global rating agencies have upgraded Pakistan’s outlook, which reflects growing investor confidence,” he stated.

Highlighting Saudi Arabia’s Vision 2030 as a transformative global model, the minister said Pakistan is committed to export-led growth and deeper economic cooperation with Riyadh.

He also confirmed that the federal cabinet had ratified a historic defence agreement between Pakistan and Saudi Arabia, underscoring the strengthening of bilateral ties.

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The finance minister acknowledged the ongoing challenge of rehabilitating flood-affected communities and said the government remains focused on implementing key reforms in the energy and taxation sectors. Aurangzeb added that he would travel to Washington later tonight to attend the IMF’s annual meetings, where Pakistan’s economic progress and reform agenda would be discussed.