Islamabad: Pakistan and Saudi Arabia are poised to enhance their economic relations, with Pakistan’s improved financial ratings making it an attractive destination for investment. Finance Minister Muhammad Aurangzeb recently met with his Qatari counterpart, Ali Ahmed Al-Kuwari, on the sidelines of the World Economic Forum Annual Meeting in Davos to discuss potential areas for boosting economic and investment cooperation between the two nations.

According to Radio Pakistan, the Finance Minister highlighted the country’s improved international financial ratings, which underscore Pakistan’s efforts towards fiscal reforms, macroeconomic stability, and sustainable development. These improvements are positioning Pakistan as a favorable destination for foreign investments, particularly from key partners like Qatar.

The meeting concluded with both nations sharing a vision to strengthen their partnership and elevate their level of economic engagement for mutual benefit. In addition to his discussions with Qatar, Finance Minister Muhammad Aurangzeb also held a meeting with Anna Bjerde, Managing Director of Operations at the World Bank, to discuss cooperation focused on Pakistan’s macroeconomic stability.

The Finance Minister reiterated the government’s strong partnership with the World Bank and expressed his hope that the institution would continue to play a pivotal role in Pakistan’s socio-economic development.