Bangkok: The Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, recently engaged in a strategic meeting with H.E. Mr. Sultan Abdulrahman Al-Marshad, the Chief Executive Officer of the Saudi Fund for Development (SFD), during the World Bank Group-IMF Annual Meetings 2026 held in Bangkok, Thailand. The talks centered on enhancing bilateral trade, investment, and development cooperation, with Pakistan’s improving economic indicators and market access forming the backdrop of the discussions.

According to Press Information Department, the Finance Minister began by expressing condolences over the recent loss of lives in Saudi Arabia and extended gratitude for the Kingdom’s consistent support to Pakistan. The discussions primarily revolved around expanding trade and investment opportunities, bolstering private-sector engagement, and advancing the bilateral investment protection agreement. Both parties also explored the potential for upgrading refineries.

Progress on projects supported by the SFD was deemed satisfactory by both sides, with an emphasis on the importance of developing a new pipeline of projects. The SFD reiterated its commitment to supporting Pakistan within its operational framework, indicating a continued partnership in the region’s development initiatives.