Finance Minister Seeks More Saudi Investments in Pakistan

Finance Minister Muhammad Aurangzeb has urged Saudi-based companies to increase their investments in Pakistan, focusing on areas like blockchain, technology, energy, mining, and minerals. During a meeting in London with Deutsche Bank’s Middle East and Africa Regional CEO, Jamal Al Kishi, Aurangzeb outlined numerous investment opportunities in Pakistan’s economy.

The minister expressed a desire to attract Saudi multinational corporations to sectors such as infrastructure, oil and gas, utilities, mining, technology, and blockchain, while also promoting private-sector involvement.

Aurangzeb discussed Pakistan’s plan to diversify its external funding sources and enhance connections with global capital markets and financial institutions. He emphasized the economic reforms currently underway, which are creating additional fiscal space. Aurangzeb highlighted the necessity of expanding access to various external financing avenues.

Al Kishi confirmed Deutsche Bank’s long-term commitment to Pakistan and expressed interest in broadening the bank’s corporate and investment banking services in the nation. He also indicated a keen interest in boosting Deutsche Bank’s exposure to Pakistan and fostering stronger business and investment ties between Pakistan and Middle Eastern companies, particularly those from Saudi Arabia.

Aurangzeb welcomed Deutsche Bank’s ongoing involvement and stressed that strengthened collaboration with international financial institutions and private-sector investors would aid Pakistan in attracting investments, developing its financial markets, and promoting long-term economic expansion.