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Pak-Saudi Relations: FinMin Briefs Saudi Counterpart on Ongoing PIA, Key Airports' Privatisation
Pakistan plans to complete Pakistan International Airlines privatisation by November 2025 to raise funds under its $7 billion IMF programme, officials said.
- On October 16, 2025 Finance Minister Muhammad Aurangzeb met Saudi Finance Minister Mohammed Al-Jadaan in Washington, DC and briefed him on Pakistan International Airlines and airport privatisation.
- Facing IMF conditions, Pakistan is moving ahead with privatisation plans to raise funds and overhaul state enterprises, with the finance ministry emphasizing transparency and efficiency.
- Aurangzeb stressed attracting strategic foreign investment, noting the IFC and MIGA could mobilise private capital, while a high-level Saudi business delegation this month signed MoUs involving KES Power Ltd and K-Electric Limited.
- Both ministers reviewed growing trade and investment relations, Aurangzeb sought Saudi support for infrastructure development, and the visit followed the Strategic Mutual Defence Agreement signed September 17.
- Aurangzeb met Benjamin Black, U.S. International Development Finance Corporation Chief Executive Officer, to highlight investment opportunities and engaged Pakistani entrepreneurs, Anar Karimov, and the Pakistan Bank Fund Staff Association.
12 Articles
12 Articles
Pak-Saudi relations: FinMin briefs Saudi counterpart on ongoing PIA, key airports' privatisation
Federal Finance Minister Muhammad Aurangzeb reaffirmed on Thursday Pakistan's commitment to fostering a deeper economic partnership with Saudi Arabia, briefing his Saudi counterpart on ongoing privatisation on Pakistan International Airlines (PIA) and key airports. Aurangzeb was meeting Saudi Finance Minister Mohammed Aljadaan on the sidelines of the International Monetary Fund (IMF)–World Bank annual Meetings in Washington DC. The finance mini…
Aurangzeb briefs Saudi counterpart on PIA, airport privatisation to attract investment - Profit by Pakistan Today
Finance minister seeks Saudi support for infrastructure development projects, emphasising Pakistan’s commitment to fostering a deeper economic partnership with the Kingdom
FinMin Aurangzeb briefs Saudi counterpart on PIA, airports' privatisation
Finance czar meets Saudi's Mohammed Al-Jadaan in Washington.Both sides review growing trade and investment relations.Aurangzeb seeks Saudi support for infrastructure development.Federal Minister for Finance and Revenue Muhammad...
Aurangzeb meets Saudi finance minister, briefs him on ongoing privatisation of PIA and key airports
Finance Minister Muhammad Aurangzeb met his Saudi counterpart on the third day of his ongoing US visit, the finance ministry said on Thursday, adding that the former briefed the latter about the privatisation process of the Pakistan International Airlines (PIA) and key airports. The meeting was held on the sidelines of the plenary meetings of the International Monetary Fund (IMF) and World Bank (WB) in Washington, D.C., where Aurangzeb arrived o…
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