Pakistan and Saudi Arabia took another step toward deepening their economic partnership as Finance Minister Muhammad Aurangzeb met Saudi Minister of Investment Khalid Al-Falih on the sidelines of the 26th Annual Meeting of the World Economic Forum in Davos.
The meeting took place during the 26th Annual Meeting of the World Economic Forum, bringing together global leaders to discuss economic cooperation and investment opportunities. Both sides described the engagement as timely and constructive.
According to the Ministry of Finance, the talks reflected a shared desire to further strengthen economic and investment relations between Pakistan and Saudi Arabia.
Ongoing cooperation and proposed projects
During the discussion, the two ministers reviewed ongoing cooperation across multiple sectors. They also assessed progress on proposed investment projects and explored ways to accelerate implementation.
Special attention was given to ensuring that existing initiatives move forward efficiently through better coordination and follow-up.
Pakistan’s potential
Saudi Minister Al-Falih appreciated Pakistan’s importance and vast economic potential. He highlighted Pakistan’s natural resources, strategic geographic location, and emerging investment opportunities as key drivers for future collaboration.
The Saudi side acknowledged Pakistan as a promising destination for long-term investment and economic partnership.
Both ministers emphasized the importance of continuous communication and coordination to deepen bilateral cooperation. They agreed that sustained dialogue would be essential to achieving shared economic objectives.
A strong commitment was expressed to promote close cooperation, strengthen institutional linkages, and maintain regular high-level contacts between the two countries.
Commitment to expanding partnership
The meeting also reiterated the mutual commitment to further expand the Pakistan–Saudi bilateral partnership. Both sides agreed to implement common goals through continuous communication and mutual trust.
Officials said the discussion reflected alignment on long-term economic priorities and investment-led growth.
According to the Ministry of Finance, the meeting concluded in a pleasant and positive atmosphere. Both ministers agreed to continue close cooperation and maintain continuous dialogue.
The engagement was described as an important step that further strengthened economic and investment relations, with both sides determined to translate discussions into concrete decisions and outcomes.
