KARACHI: Pakistan’s Finance Minister Muhammad Aurangzeb met Saudi Arabia’s Economy Minister Faisal bin Fadhil Alibrahim on the sidelines of the AlUla Conference 2026, where the two officials discussed investments and cooperation in technology and human capital development, the Pakistani finance ministry said on Sunday.
Pakistan and Saudi Arabia share a long-standing strategic partnership in political, security and economic domains, underpinned by deep religious and cultural ties.
Both countries have moved closer to broaden their cooperation in recent months, signing a landmark defense pact in Sept. and agreeing to launch an economic cooperation framework a month later to strengthen bilateral trade and investment relations.
During their meeting on the sidelines of the AlUla Conference for Emerging Market Economies, the two ministers discussed follow-ups on matters relating to Saudi investments in Pakistan as well as bilateral economic cooperation.
“The Saudi minister strongly highlighted the high-quality artificial intelligence and technology talent being produced by Pakistan, noting that it ranks among the top one or two globally,” the Pakistani finance ministry said.
