Finance Minister Muhammad Aurangzeb said Pakistan can learn much from Saudi Arabia’s Vision 2030. He praised Saudi Arabia’s development model during a virtual speech to Saudi investors and the Overseas Chamber of Commerce. Aurangzeb warmly welcomed Saudi investment, calling Vision 2030 a unique global example. He emphasized strong ties between Pakistan and Saudi Arabia and encouraged deeper economic cooperation.
The Pakistani cabinet recently approved a historic defense agreement with Saudi Arabia. Aurangzeb said this deal strengthens security and strategic relations between the two countries. He stressed the government’s commitment to creating a favorable environment for investors. Thanks to government efforts, Pakistan’s economy has shown signs of stability and growth, supported by positive ratings from major agencies.
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Aurangzeb highlighted ongoing reforms in energy, taxation, and other sectors. He said these reforms involve consultations with key stakeholders to ensure success. The government aims to promote export-led growth and expand the tax base. Additionally, Pakistan is moving towards a cashless economy to increase transparency through digitization.
The finance minister said he will travel to Washington for the upcoming IMF annual meetings. He acknowledged challenges related to recent floods and promised government support for rehabilitation. Aurangeb stressed the importance of managing economic growth alongside urgent recovery efforts. His message reflected both optimism and responsibility amid ongoing difficulties.
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In conclusion, Aurangzeb’s remarks show Pakistan’s focus on reform and international partnerships. Learning from Saudi Arabia’s Vision 2030 offers valuable lessons. Meanwhile, strong ties with Saudi Arabia bring strategic and economic benefits. Pakistan aims to improve its economy, attract investment, and ensure stability for the future.