Pakistan and Saudi Arabia have underscored a shared commitment to “build bridges of economic cooperation” and advance mutual prosperity, according to a statement.

It was recalled during a meeting between Federal Minister for Finance and Revenue Muhammad Aurangzeb and his Saudi Arabian counterpart Mohammed bin Abdullah Al-Jadaan on Saturday.

The meeting took place on the sidelines of the Emerging Markets Conference in AlUla, Saudi Arabia.

The Saudi Arabian finance minister welcomed Aurangzeb to the kingdom and reaffirmed the “deep-rooted brotherly ties” between Saudi Arabia and Pakistan.

The minister was accompanied by Dr Hamad Mohammed Al Sheikh, the minister of state and member of the council of ministers. Adviser to the Finance Minister of Pakistan Khurram Schehzad was also present on the occasion.

The discussions highlighted opportunities for enhancing bilateral trade, investments, and financial collaboration, with both ministers expressing their dedication to unlocking the full potential of their countries’ strategic partnership.

They explored avenues for collaboration in key sectors, including infrastructure, energy, technology, and finance.

Both sides emphasised the importance of continued dialogue and joint initiatives to facilitate investment flows and economic opportunities that would benefit not only the two nations but also the broader region.

They reinforced the friendship and strategic partnership between Saudi Arabia and Pakistan, “setting the stage for increased economic cooperation and collaboration in the years to come.”