Almubarak Optimistic About Saudi Investments In Pakistan

The Pakistan-Saudi Arabia Investment Forum commenced with Pakistan seeking substantial investment from the Kingdom to revitalize its struggling economy.

During the investment discussions, Saudi Deputy Investment Minister Ibrahim Almubarak expressed confidence in Pakistan’s economic, investment, and business potential. He underscored Riyadh’s belief in Pakistan’s economic prospects, citing its demographic, geographic, and natural resource advantages. Almubarak emphasized the strategic partnership between the two nations, rooted in shared faith, culture, and values, and viewed the forum as an opportunity to deepen understanding of Pakistan’s investment potential.

Read more; Pakistan Receives Important Saudi Delegation For Investment Discussions

Meanwhile, Pakistan’s Finance Minister Muhammad Aurangzeb reaffirmed the government’s commitment to supporting the private sector for export-driven growth. He highlighted positive economic indicators, such as a 5% growth in agricultural GDP and stability in the local currency, along with a decrease in inflation to around 17%. Aurangzeb expressed confidence in reducing the current account deficit to less than a billion dollars and mentioned increased foreign investment in the Pakistan Stock Market. He also discussed plans for a more extensive IMF program, aiming for macroeconomic stability and structural reforms.

Furthermore, Minister for Petroleum Musadik Masood Malik emphasized the importance of collaboration between the private sectors of both countries to diversify the economy and create value. He stressed cooperation in sectors like mining, tourism, and agriculture, proposing involvement in infrastructure development for mutual prosperity.