KARACHI – Finance Minister Muhammad Aurangzeb said on Friday that Pakistan can draw valuable lessons from Saudi Arabia’s Vision 2030, describing it as a globally admired model of economic transformation.
Speaking virtually to Saudi investors and the Overseas Chamber of Commerce, Aurangzeb reaffirmed Pakistan’s commitment to fostering foreign investment and said the country warmly welcomes Saudi investors seeking new opportunities.
He announced that the federal cabinet has approved a historic defence agreement between Pakistan and Saudi Arabia, marking a new chapter in bilateral cooperation.
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Aurangzeb stressed that ensuring a conducive environment for investors is the government’s top priority. He noted that Pakistan has achieved macroeconomic stability, with three major global rating agencies now viewing the country’s economic outlook as positive.
He said Pakistan is pursuing a reform agenda focused on energy, taxation, and export-led growth, in close consultation with stakeholders.
The finance minister also shared that he will depart for Washington tonight to attend the IMF annual meetings, where discussions will focus on Pakistan’s ongoing reform progress and financial outlook.
Acknowledging continuing challenges, Aurangzeb said the government remains committed to rehabilitating flood-affected communities and advancing digitisation to move toward a cashless, transparent economy.