Pakistan, Saudi Arabia reaffirm commitment to boost economic ties

Pakistan and Saudi Arabia have reaffirmed their commitment to further strengthening the bilateral economic ties for shared prosperity.The commitment was expressed when Finance Minister Muhammad Aurangzeb met with his Saudi counterpart Mohammad bin Abdullah Al-Jadaan on the sidelines of the World Economic Forum Annual Meeting in Davos.Muhammad Aurangzeb highlighted the key reform measures undertaken by the government to promote economic stability and sustainable growth.He briefed him on structural reforms, fiscal discipline and regulatory improvements that have contributed to an improved investment climate in Pakistan.Earlier, Aurangzeb met Anna Bjerde, Managing Director of Operations at the World Bank.They discussed cooperation between Pakistan and the World Bank, with a particular focus on Pakistan’s macroeconomic stability.The finance minister emphasized the government’s strong partnership with the Bank and expressed hope that the World Bank would continue playing a key role in the country’s socio-economic development.