Pakistan’s Finance Minister Muhammad Aurangzeb has reassured that Saudi Arabia’s planned $10 billion investment in the country remains on track, signaling a new chapter in economic cooperation between the two nations.
Speaking to reporters, Aurangzeb explained that the focus has shifted from short-term financial support to long-term, business-to-business partnerships. He emphasized that this approach is designed to strengthen economic ties and promote sustainable growth.
The government is preparing a detailed list of investor-ready projects covering key sectors such as minerals, information technology, manufacturing, agriculture, food production, and tourism. Officials hope that offering well-structured and profitable opportunities will attract substantial foreign investment.
Aurangzeb also provided an update on the Reko Diq copper and gold mining project, one of the largest mineral initiatives in the region. He noted that the project is approaching financial completion, with Saudi-backed Manara Minerals set to acquire a 15 percent stake marking a significant step in Saudi Arabia’s involvement in Pakistan’s mining sector.
The finance minister highlighted that Pakistan’s economic indicators are gradually improving, with greater stability, better market performance, and rising global confidence encouraging investors to explore opportunities. Partnerships with countries like Saudi Arabia, China, and the United States are expected to further support Pakistan’s long-term economic plans.
Aurangzeb concluded by stressing that Pakistan is entering a new economic phase where sustainable foreign investment will be pivotal. With clearer policies and stronger partnerships, the government aims to foster steady growth and create more opportunities for the private sector in the years ahead.
