AlUlA, Saudi Arabia: Pakistan’s Finance Minister Muhammad Aurangzeb is attending a Conference for Emerging Market Economies, jointly organised by the International Monetary Fund (IMF) and Saudi Arabia’s Ministry of Finance in AlUla, Saudi Arabia.
The two-day high-level event brings together finance ministers, central bank governors, policymakers, and economic experts from 48 countries to discuss strategies for resilient and sustainable economic growth amid global uncertainties, Radio Pakistan reported.
Muhammad Aurangzeb is representing Pakistan at the conference, following a special invitation from Saudi Finance Minister Mohammed Al-Jadaan.
Aurangzeb will participate in a key panel discussion titled “Navigating the Path for Resilient Emerging Markets,” moderated by IMF Managing Director Kristalina Georgieva.
The session will also feature finance ministers from Egypt, Brazil, and Türkiye.
With over 200 participants and 36 speakers, the conference aims to foster dialogue on addressing economic challenges and strengthening the resilience of emerging markets in a rapidly evolving global landscape.
On the sidelines of the conference, Aurangzeb held discussions with Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan regarding economic cooperation and investment prospects. Attended by Dr. Hamad Mohammed Al Sheikh, Minister of State, the meeting reaffirmed the strong bilateral relationship between Saudi Arabia and Pakistan.
Pakistan is undergoing a fragile economic recovery under a $7 billion IMF loan program secured in September 2024, following strict measures and policy reforms implemented to prevent a sovereign default in 2023.
Pakistan and Saudi Arabia are close regional partners and economic allies, and both countries signed 34 agreements worth $2.8 billion in October last year. Saudi Arabia is home to over 2 million Pakistani expatriates, serving as the top destination for remittances for the cash-strapped South Asian country.
