ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Wednesday, reaffirmed Pakistan’s commitment to a homegrown monetary time table, centered on complete institutional reforms across key sectors of the economic system. The minister made these comments at some point of a meeting with Ambassador of the Kingdom of Saudi Arabia, Nawaf Bin Said Al-Malki who referred to as on him on the Finance Division. The minister emphasised that structural reforms have been pivotal for ensuring sustainable monetary increase and balance, forming a cornerstone of the government’s coverage time table. He expressed deep appreciation for the Kingdom of Saudi Arabia’s consistent monetary help to Pakistan, whilst highlighting the renewed interest shown by Saudi investors in pursuing joint ventures and commercial enterprise collaborations with Pakistan’s non-public zone. The minister also recalled his efficient conferences with Finance Minister of Saudi Arabia, Mohammad Al-Jadaan and CEO of the Saudi Fund for Development (SFD), Sultan Abdulrahman Al-Marshad at some stage in his visit to Washington in April this year. He in addition noted the widespread outcomes of the excessive-stage business delegation’s visit from Saudi Arabia to Pakistan in May, geared toward exploring investment opportunities, expanding bilateral cooperation, and scaling up partnerships throughout various sectors. During the discussion, Senator Aurangzeb mentioned Pakistan’s advantageous monetary trajectory, citing key indicators which includes forex stabilization, reduced inflation, a surge in remittances, prudent control of the contemporary account deficit, and forex reserves enough to cowl months of imports. On the event, Nawaf Bin Said Al-Malki counseled the government’s efforts in imposing structural and institutional reforms and reiterated the Kingdom’s unwavering commitment to contributing to Pakistan’s financial growth. He also stated the colossal ability for investment and commercial enterprise opportunities among the 2 international locations and indicated that a Saudi business delegation became expected to go to Pakistan inside the coming months to in addition discover areas for joint ventures and collaborative investments.
