Pakistan is actively pursuing increased government-to-government (G2G) investments from Saudi Arabia, as part of its broader strategy to boost economic growth and strengthen bilateral relations.
This announcement was made by Pakistan's Finance Minister, Ishaq Dar, during a key briefing on Monday, where he outlined the country’s plans for securing long-term foreign investments, with a particular focus on Saudi Arabia.
The Minister emphasized that Pakistan is not only looking to attract private investments but also aims to engage more strategically with governments, particularly through G2G partnerships. "Saudi Arabia has been a long-standing partner, and we are hopeful that more investment from the kingdom will help bolster key sectors of our economy," Dar said, highlighting ongoing discussions with Saudi officials.
The focus on G2G investment comes as Pakistan seeks to modernize its infrastructure, energy sector, and industrial base. With Saudi Arabia’s vast capital reserves and growing interest in overseas investments, Pakistan sees significant potential in deepening its ties with the kingdom, which has already pledged billions in economic assistance in recent years.
In addition to securing more foreign investments, Dar also stressed the importance of implementing structural reforms to pave the way for sustainable economic growth. "We are committed to implementing a series of reforms aimed at improving our fiscal discipline, enhancing transparency, and strengthening the private sector," he explained. These reforms are expected to make Pakistan’s economy more resilient and attractive to international investors.
The Finance Minister further stated that Pakistan’s long-term growth hinges on these changes, which will foster an environment conducive to both domestic and foreign investments. He added that efforts to address inflation, improve the business climate, and promote export-oriented industries would also play a vital role in driving economic progress.
Pakistan is hopeful that with continued collaboration with key partners like Saudi Arabia, the country will be able to recover from economic challenges and achieve robust, sustainable growth in the coming years.
