WNAM REPORT: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with H.E. Sultan bin Abdulrahman Al-Murshid, CEO of the Saudi Fund for Development (SFD), on the sidelines of the IMF-World Bank Spring Meetings 2025.
The Minister recalled his visit to Saudi Arabia in February 2025 to attend the Al-Ula Conference on Emerging Markets and his meeting with the Finance Minister of Saudi Arabia during the visit. He briefed on Pakistan’s improving macroeconomic indicators and noted that Moody’s had recently upgraded Pakistan’s credit rating to B- with a stable outlook.
He appreciated the growing interest in investment projects in Pakistan at both G2G and B2B levels. The Minister requested expedited disbursements under the Saudi Oil Facility and assured the provision of evidence of oil shipments.
The two sides reviewed the existing portfolio, and the Minister expressed satisfaction over the progress. He also requested financial support from SFD for the N-25 infrastructure project.
