Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met Kuwait’s Minister of Finance, Sabah Abdulaziz Al-Mukhaizim, on the sidelines of the World Economic Forum annual meeting in Davos yesterday.
According to sources, the meeting focused on exchanging views on Pakistan’s economic outlook and exploring opportunities to strengthen bilateral economic and investment cooperation between Pakistan and Kuwait. The Kuwaiti finance minister appreciated Pakistan’s economic potential and said that Kuwait holds Pakistan and its people in high regard. He noted that Kuwait is looking beyond traditional markets to identify new investment opportunities and considers Pakistan a country with strong investment potential due to its human capital, growing market, and emerging opportunities.
He also highlighted Kuwait’s long term and partnership based investment approach, emphasizing the importance of promoting mutually beneficial projects among brotherly countries.
Senator Muhammad Aurangzeb briefed his Kuwaiti counterpart on Pakistan’s macroeconomic situation, stating that the economy is stabilizing and that there has been notable progress in key economic indicators. He said the government’s focus has now shifted toward achieving sustainable and inclusive growth to avoid the economic volatility of the past.
The finance minister pointed to improvements in external accounts, increased inflows, growth in IT exports, and rising investor confidence as encouraging signs of economic resilience. He further noted that structural reforms in Pakistan are gaining momentum, including privatization initiatives that have attracted strong interest from local investors, reflecting confidence in the country’s economy.
The Kuwaiti minister expressed confidence in Pakistan’s economic direction and said that all key fundamentals for growth are in place, including a skilled workforce and significant market potential. He reaffirmed Kuwait’s interest in exploring investment opportunities in Pakistan and stressed the importance of a supportive framework for long term cooperation.
Both sides also discussed the need to strengthen the overall framework of bilateral economic relations, promote greater investment flows and cooperation, and agreed on the importance of maintaining continuous engagement.
