Islamabad: (RightNow) Pakistan and Saudi Arabia have agreed to enhance cooperation in trade and investment. Finance Minister Muhammad Aurangzeb and Saudi Ambassador Dr. Raghih Tami Al-Buqami discussed strengthening economic relations.

According to the statement, the Finance Minister appreciated Saudi Arabia’s continuous support for Pakistan. He mentioned ongoing progress in restoring economic stability, with improvements in foreign exchange reserves and inflation.

The Finance Minister further stated that global credit rating agencies have upgraded Pakistan’s rating. Pakistan has regained access to international capital markets and recently issued $3 billion in Eurobonds.

The statement noted that the meeting also discussed Pakistan’s efforts to access China’s capital markets. Both countries considered increasing cooperation in agriculture, minerals, and mining sectors.

It is noteworthy that Pakistan and Saudi Arabia emphasized the importance of peace and stability in the region. They agreed on the need for continuous cooperation to address regional challenges.