Pakistani finance minister pitches key sectors to visiting Saudi investors, highlights reform drive

Pakistan's Finance Minister Muhammad Aurangzeb is addressing a Saudi business delegation via video conference call from Islamabad, Pakistan. (Pakistan's Finance Ministry)
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Updated 10 October 2025
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Pakistani finance minister pitches key sectors to visiting Saudi investors, highlights reform drive

  • The delegation has held a series of meetings with federal ministers, received detailed presentations on various projects
  • On Thursday, the two sides signed two memorandums of understanding to strengthen investment in Pakistan’s energy sector 

ISLAMABAD: Pakistan’s finance minister, Muhammad Aurangzeb, on Friday held virtual talks with a Saudi business delegation, currently on a visit to Pakistan, highlighting the country’s economic reforms and investment opportunities it offered to investors.

A 16-member Saudi delegation, led by Prince Mansour bin Mohammed bin Saad Al-Saud, is currently visiting Pakistan amid efforts from the two countries to boost economic cooperation. 

The delegation, which arrived late Tuesday, held a series of meetings with federal ministers and received detailed presentations from the Special Investment Facilitation Council (SIFC) and Pakistani firms. 

On Friday, Aurangzeb held a virtual meeting with Saudi delegates as well as members of the Pakistan Business Council and the Overseas Investors Chamber of Commerce & Industry (OICCI).

“The visit of the Saudi delegation is very timely,” the minister said, adding his government would make sure “our existing investors also work in a good environment, and we don’t go through the boom-and-bust [like] in the previous years.”

Aurangzeb pointed out agriculture, mining, information technology (IT), pharmaceutical and tourism as some of the areas of mutual interest. He said there are two areas which Prime Minister Shehbaz Sharif is leading himself in and take stock on a weekly basis. 

“One is our taxation reform, and everything that is going on in terms of people, process, technology, to get the sort of the fiscal side of things moving forward,” he said.

“The second one... is our digital journey and moving toward cashless economy, because both of these are actually interrelated.” 

The finance minister urged the Saudi business delegation to explore opportunities in these and other sectors of Pakistan’s $411 billion economy.

The development came a day after the visiting Saudi business delegation signed two memorandums of understanding (MoUs) to strengthen investment in Karachi’s energy sector as Riyadh seeks deeper economic engagement with Pakistan under its Vision 2030 initiative.

The delegation, led by Prince Mansour who is the chairman of the Saudi-Pakistan Joint Business Council, finalized a share-sale agreement in KES Power Limited and a cooperation framework between K-Electric and Trident Energy Limited to explore new investment in Pakistan’s power and infrastructure markets.

Pakistan and Saudi Arabia have close religious, cultural, diplomatic and strategic ties, particularly in trade and defense. Last year, the two countries signed 34 agreements worth nearly $3 billion, of which, memorandums of understanding (MoUs) worth $700 million have already entered the implementation stage, according to Pakistani officials.


Pakistan joins regional talks on Afghanistan in Iran as Kabul stays away

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Pakistan joins regional talks on Afghanistan in Iran as Kabul stays away

  • China, Pakistan, Pakistan, Tajikistan, Uzbekistan, Turkmenistan all joined talks organized by Iran, as did Russia
  • Afghanistan was invited but decided not to attend, Taliban-led government was tight-lipped on the reasons

TEHRAN, Iran: Afghanistan’s neighbors met in Iran and agreed to deepen regional coordination to address political, economic and security challenges, as well as calling for sanctions on Afghanistan to be lifted. 

The only absent party? Afghanistan itself.

China, Pakistan, Pakistan, Tajikistan, Uzbekistan and Turkmenistan all joined the talks organized by Iran, as did Russia, according to a statement released after the meeting on Sunday.

Afghanistan was invited but decided not to attend. Its Taliban-led government was tight-lipped on the reasons, with the foreign ministry saying only that it would not participate because Afghanistan “currently maintains active engagement with regional countries through existing regional organizations and formats, and has made good progress in this regard.”

The statement from the talks in Iran stressed the importance of maintaining economic and trade ties with Afghanistan to improve living conditions and called for the country’s integration into regional political and economic processes.

The Taliban were isolated after they retook power in Afghanistan in August 2021, but in the past year, they have developed diplomatic ties. They now raise several billion dollars every year in tax revenues to keep the lights on.

However, Afghanistan is still struggling economically. Millions rely on aid for survival, and the struggling economy has been further impacted by the international community not recognizing the Taliban government’s seizure of power in the wake of the chaotic withdrawal of US-led troops in 2021. Natural disasters and the flow of Afghans fleeing Pakistan under pressure to return home have underlined Afghanistan’s reliance on foreign aid to meet essential needs.

The countries at the talks also voiced security concerns and pledged cooperation in combating terrorism, drug trafficking and human smuggling, while opposing any foreign military presence in Afghanistan. They underscored the responsibility of the international community to lift sanctions and release Afghanistan’s frozen assets, and urged international organizations to support the dignified return of Afghan refugees from neighboring countries.

The participants backed efforts to reduce tensions between Afghanistan and Pakistan, which have been particularly strained, with border clashes between the two sides killing dozens of civilians, soldiers and suspected militants and wounding hundreds more.

The violence followed explosions in Kabul on Oct. 9 that Afghan authorities blamed on Pakistan. A Qatar-mediated ceasefire has largely held since October, although there have been limited border clashes. The two sides failed to reach an overall agreement in November despite three rounds of peace talks.

Asif Durrani, Pakistan’s former special representative for Afghanistan, said the Taliban government’s decision to skip the meeting reflected a “lack of political maturity.” 

Writing on X, Durrani said the move reinforced concerns that the Taliban were unwilling to negotiate, instead adopting an “I don’t accept” stance that he said would do little to resolve serious regional problems.

Mohammad Sadiq, the current Pakistani special representative for Afghanistan who attended the talks, wrote on X that the Afghan people had already suffered enough and deserved better.

Only an Afghanistan that does not harbor militants would inspire confidence among neighboring and regional countries to engage meaningfully with Kabul and help unlock the country’s economic and connectivity potential, he wrote.

Participants agreed to hold the next meeting of foreign ministers of Afghanistan’s neighboring countries as soon as possible in Ashgabat, Turkmenistan, and welcomed Pakistan’s offer to host the next round of special envoys’ talks in Islamabad in March.

Iran’s foreign ministry spokesman, Esmail Baghaei, on Sunday said that the meeting had not been held for about two years and marked the first such gathering attended by special envoys on Afghanistan from neighboring countries as well as Russia. Russia and Uzbekistan sent the special envoys of their presidents, while Pakistan was represented by a delegate from the prime minister’s office.

Landlocked Afghanistan is sandwiched between the Middle East, Central Asia, and South Asia, making it strategically located for energy-rich and energy-hungry nations.