DAVOS – Minister for Finance and Revenue, Senator Muhammad Aurangzeb held meeting with Minister of Investment of the Kingdom of Saudi Arabia, Khalid Al-Falih, on the sidelines of the World Economic Forum Annual Meeting in Davos.
The meeting took stock of ongoing cooperation and reviewed progress on existing and planned projects across various sectors.
The Saudi Minister appreciated Pakistan’s importance and potential, particularly its natural resources, strategic location, and emerging opportunities for investment.
Both Ministers noted that technical teams from the two countries are already working closely to advance shared priorities and ensure productive outcomes from upcoming engagements.
A day earlier, Pakistan and Egypt reaffirmed their desire to deepen cooperation through structured dialogue and continued engagement.
The understanding was reached during a meeting between Finance Minister Muhammad Aurangzeb and his Egyptian counterpart Ahmed Kouchouk in Davos, Switzerland.
During the meeting, Muhammad Aurangzeb briefed his Egyptian counterpart on Pakistan’s ongoing engagement with international financial institutions.
He said that overall economic indicators are moving in a positive direction.
The Finance Minister said Pakistan is actively pursuing reforms, including the use of technology-driven approaches to improve governance and revenue administration.
In his remarks, the Egyptian Finance Minister appreciated Pakistan’s reform efforts, particularly in the area of taxation, and expressed confidence in the direction of reforms underway.
