Islamabad, Feb 14: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has departed for the Kingdom of Saudi Arabia to attend the inaugural high-level “AlUla Conference for Emerging Market Economies,” scheduled for February 16-17. The event, hosted in the historic city of AlUla, is organized in collaboration with the International Monetary Fund (IMF) and Saudi Arabia’s Ministry of Finance.
Aurangzeb, accompanied by Khurram Schehzad, Advisor on Economic and Financial Reforms, is participating at the special invitation of Saudi Finance Minister Mohammed Al-Jadaan. His presence at the conference is seen as a recognition of Pakistan’s recent economic stabilization efforts despite global and regional uncertainties.
The conference, set to become an annual event, will bring together finance ministers, central bank governors, policymakers, academic institutions, and private sector representatives. It aims to foster a deeper understanding of economic challenges faced by emerging markets and developing economies while exploring strategies for long-term resilience.
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A key highlight of the event will be a high-level panel discussion on “The Path to Emerging Markets,” moderated by IMF Managing Director Kristalina Georgieva. Aurangzeb will join finance ministers from Egypt, Brazil, and Turkiye to discuss global economic conditions, trade dynamics, and strategies for sustainable growth in emerging economies.
With 200 participants and 36 speakers representing 48 countries, the conference will address pressing global economic challenges, including persistent financial shocks, trade tensions, and geopolitical uncertainties. Discussions will focus on strategies to navigate these challenges and build a more sustainable global economy.
The event is expected to serve as a crucial platform for world leaders to analyze economic trends, share policy insights, and strengthen international cooperation. As Pakistan seeks to reinforce its economic policies and attract investment, Aurangzeb’s participation underscores the country’s commitment to engaging with global financial institutions and emerging market economies.
