Overview
- Finance ministers Muhammad Aurangzeb and Mohammed Al-Jadaan met at the World Economic Forum in Davos and reiterated a commitment to broaden economic cooperation.
- Saudi Arabia’s finance chief conveyed a favorable view of Pakistan’s recent economic performance during the bilateral discussion.
- Pakistan reported GDP growth of 3.1% last year and 3.7% in the first quarter, with foreign reserves covering about three months of imports.
- Officials highlighted rising investor interest, citing more than 120,000 new market participants, nine IPOs last year, and 16 offerings under consideration.
- Islamabad outlined a privatisation and FDI push across minerals, agriculture, SOEs, and major airports, projected remittances above $41 billion, noted easing interest rates with SBP independence, and heard Saudi insights on airport privatisation.