Federal Finance Minister Senator Muhammad Aurangzeb has left for Saudi Arabia to attend the first high-level annual “Al-Ula Conference for Emerging Market Economies”.
According to a statement from the Ministry of Finance, the Finance Minister will attend the two-day conference starting from February 16 in the ancient historical city of Al-Ula, Saudi Arabia, at the special invitation of his Saudi counterpart Muhammad Al-Jadaan. Advisor to the Finance Minister Khurram Shahzad will also accompany him during the visit.
According to the statement, the “Al-Ula Conference for Emerging Market Economies” is being organized in collaboration with the International Monetary Fund (IMF) and the Saudi Ministry of Finance. The conference will have a total of 9 sessions in which 200 participants and 36 speakers will participate. 48 countries have been invited to the conference.
It said that the special participation of Finance Minister Muhammad Aurangzeb in the conference is in the context of the policy measures that have led to the stability and positive changes in the Pakistani economy despite the uncertain and unstable regional and global environment in recent times.
According to the statement, Finance Minister Muhammad Aurangzeb will participate in a high-level panel discussion on the topic of “The Path to Emergent Markets and Stability”, during the conference, IMF Managing Director Kristalina Georgieva will host the panel discussion.
Finance Minister Muhammad Aurangzeb and his counterparts from Egypt, Brazil and Turkey will participate in the discussion.
“Al-Ula Conference for Emerging Market Economies” will be held every year in Saudi Arabia to build a strong and sustainable global economy based on the thinking and thinking of emerging markets and developing economies.
The inaugural conference, held in Al-Ula, is attended by finance ministers, central bank governors and policymakers from selected countries, as well as experts from academia, international organizations and the private sector.
The conference will discuss the economic and financial policies that are appropriate for emerging market and developing economies to address risks and address global economic challenges, under the theme of building resilience and resilience in a changing world.
The conference is being held at a time when the world is grappling with deep and persistent economic shocks, trade tensions, geopolitics and tight financial conditions.
The conference will provide a unique platform for world leaders to discuss and analyze domestic, regional and global economic conditions and developments, and exchange ideas on solutions to global challenges.
