Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has departed for the Kingdom of Saudi Arabia (KSA) to participate in the inaugural AlUla Conference for Emerging Market Economies, a high-level event set to begin on February 16.
Accompanied by Khurram Schehzad, Advisor to the Finance Minister on Economic and Financial Reforms, Aurangzeb is attending the two-day conference at the special invitation of his Saudi counterpart, Mohammed Al-Jadaan. The event, held in the historic city of AlUla, is being organised in collaboration with the International Monetary Fund (IMF) and the Saudi Ministry of Finance.
The conference will feature nine sessions with 200 participants and 36 speakers from 48 countries. Finance Minister Aurangzeb's invitation reflects the recognition of Pakistan's policy measures that have contributed to economic stability despite global and regional uncertainties.
He is scheduled to participate in a high-level panel discussion, moderated by IMF Managing Director Kristalina Georgieva, on "The Path to Emerging Markets." Finance ministers from Egypt, Brazil, and Turkiye will also join the discussion.
The conference, set to become an annual event, aims to foster a strong and sustainable global economy by addressing challenges faced by emerging markets and developing economies. With the world grappling with financial instability, trade tensions, and geopolitical uncertainties, the event will provide a platform for finance ministers, central bank governors, policymakers, and private sector leaders to exchange insights and solutions.
On the sidelines of the conference, Aurangzeb met with Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan to discuss economic cooperation and investment opportunities. The meeting, attended by Dr Hamad Mohammed Al Sheikh, Minister of State, reaffirmed the strong bilateral ties between Saudi Arabia and Pakistan.
Both sides explored trade, investment, and financial collaboration, emphasising the importance of continued dialogue in key sectors such as infrastructure, energy, technology, and finance. The discussions underscored a shared commitment to strengthening economic ties and unlocking the full potential of their strategic partnership.
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