AlUla: Finance Minister Muhammad Aurangzeb has emphasized that Saudi Arabia's leadership in economic reforms offers important lessons for Pakistan. He stated this in an interview with Arab News during the AlUla Conference for Emerging Market Economies in AlUla city of Saudi Arabia. He said Saudi Arabia's influence in regional economic transformation is expanding, and Pakistan acknowledges the Kingdom's progress under Vision 2030 as a valuable model.

According to Radio Pakistan, the Finance Minister highlighted that Pakistan is currently undergoing structural reforms, leveraging the macroeconomic stability achieved. He noted the potential to learn significantly from Saudi Arabia's Vision 2030. Aurangzeb also underscored the growing Saudi investments in Pakistan, particularly in the business-to-business sector, pointing to developments such as Saudi Aramco's entry into the downstream petroleum industry and ongoing government-to-government discussions.

Aurangzeb emphasized the potential for boosting exports from Pakistan to Saudi Arabia, especially in the skilled labor sector, aligning with the Kingdom's expanding workforce needs as it progresses toward Vision 2030 objectives. He expressed gratitude for the support Pakistan has received from Saudi Arabia, particularly regarding the IMF program.

The Finance Minister noted that the AlUla Conference serves as an important multilateral platform to discuss economic resilience and cooperation among emerging economies.