Pakistan finance minister leaves for Saudi Arabia to attend AlUla conference on emerging economies

Pakistan’s Minister for Finance and Revenue Muhammad Aurangzeb speaks during a discussion on Pakistan, during the International Monetary Fund and World Bank Group 2024 Annual Meetings, in Washington, DC on October 22, 2024. (Sipa USA via Reuters/File)
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Updated 14 December 2025
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Pakistan finance minister leaves for Saudi Arabia to attend AlUla conference on emerging economies

  • The conference will provide a unique platform for world leaders to discuss and analyze domestic, regional and global economic developments
  • Finance Minister Muhammad Aurangzeb’s participation comes in context of policy measures that have led to stability in the Pakistani economy

ISLAMABAD: Pakistan Finance Minister Muhammad Aurangzeb has left for Saudi Arabia to attend the AlUla Conference for Emerging Market Economies, the Pakistani finance ministry said on Saturday.

The AlUla Conference for Emerging Market Economies is an annual economic policy conference, organized by Saudi Arabia’s finance ministry and the International Monetary Fund (IMF) regional office in Riyadh.

The conference will convene a select group of emerging markets’ ministers of finance, central bank governors, and policymakers, as well as public and private sector leaders, international institutions, and academia.

Aurangzeb is attending the two-day conference, starting on Sunday, on the invitation of his Saudi counterpart Mohammed Al-Jadaan, in context of policy measures that have led to the stability and positive changes in the Pakistani economy despite the uncertain regional and global environment.

“Muhammad Aurangzeb will participate in a high-level panel discussion on the topic of ‘The Path to Emergent Markets’ during the conference,” the Pakistani finance ministry said. “IMF Managing Director Kristalina Georgieva will host the panel discussion.”

Pakistan is currently navigating a tricky path to economic recovery under a $7 billion International Monetary Fund (IMF) loan program it secured in September last year. The South Asian country has undertaken several reforms and policy measures since averting an imminent default on its external debt in 2023.

The conference will have a total of 9 sessions in which 200 participants and 36 speakers will participate, according to the Pakistani finance ministry.

The forum will discuss ways to build resilience in a changing world, and appropriate economic and financial policies needed for emerging markets and developing economies to address economic challenges.

It comes at a time when the world is grappling with deep and persistent economic shocks, trade tensions between major world powers, geopolitics, and tight financial conditions.

“The conference will provide a unique platform for world leaders to discuss and analyze domestic, regional, and global economic conditions and developments, and to exchange ideas on solutions to global challenges,” the Pakistani finance ministry added.


High-level Libyan delegation meets Pakistan PM, discusses areas for future cooperation

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High-level Libyan delegation meets Pakistan PM, discusses areas for future cooperation

  • The meeting comes over a month after Pakistan reportedly struck a $4 billion defense deal to sell military equipment to Libyan National Army
  • PM Sharif reaffirms Pakistan’s commitment to fostering friendly ties with Libya, emphasizes the importance of continued engagement and dialogue

ISLAMABAD: A high-level delegation from Libya on Tuesday called on Pakistan Prime Minister Shehbaz Sharif in Islamabad and discussed areas for future cooperation between the two sides, PM Sharif’s office said.

The delegation comprised Dr. Osama Saad Hamad, who governs eastern Libya, Libyan National Army (LNA) Commander-in-Chief Khalifa Abu-al-Qasim Haftar and his deputy, Lt. Gen. Saddam Khalifa Haftar.

During the discussions, both sides exchanged views on matters of mutual interest and underscored the importance of strengthening bilateral relations, according to PM Sharif’s office.

“The meeting reflected the shared desire to enhance cooperation in areas of common concern and to promote peace, stability, and development at regional and international levels,” Sharif’s office said in a statement.

The development comes more than a month after reports suggested Pakistan had struck a $4 billion defense deal to sell military equipment, including JF-17 fighter jets and Super Mushshak trainer aircraft, to the LNA that controls eastern Libya.

The reports followed the visit of Pakistani Defense Forces Chief Field Marshal Asim Munir to Libya in December. There has been no official confirmation of the deal so far.

Libya has been subject to a UN arms embargo since 2011, requiring approval from the UN for transfers of weapons and related material. It was not clear whether Pakistan or Libya had applied for ⁠any exemptions to the UN embargo.

PM Sharif reaffirmed Pakistan’s commitment to fostering friendly relations with Libya and emphasized the importance of continued engagement and dialogue, according to his office. The Libyan leadership appreciated Pakistan’s role and expressed interest in expanding collaboration between the two countries.

“The meeting concluded with an understanding to maintain close contact and explore avenues for future cooperation,” Sharif’s office said.

On Monday, LNA Commander-in-Chief Haftar also met Field Marshal Munir and discussed with him military cooperation and regional security, according to the Pakistani military.

“Both sides exchanged views on matters of mutual interest, with particular focus on security dynamics in respective regions and professional cooperation,” the Pakistani military said.

“The discussion underscored the importance of continued engagement and collaboration between the Armed Forces of Pakistan and Libya.”