ISLAMABAD, Jan 22 (APP): Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met today in Davos with Ahmed Kouchouk, Minister of Finance of the Arab Republic of Egypt, on the sidelines of the World Economic Forum Annual Meeting.
The meeting focused on enhancing bilateral cooperation, exchanging ideas, and promoting knowledge sharing between Pakistan and Egypt in support of ongoing economic reforms, said a press release issued by the Ministry of Finance on Thursday.
During the meeting, the Egyptian Finance Minister appreciated Pakistan’s reform efforts, particularly in the area of taxation, and expressed confidence in the direction of reforms underway.
He conveyed his interest in visiting Pakistan and emphasized the importance of direct engagement between partner countries to share experiences and learn from one another.
He noted that both countries had valuable reform experiences to share and underscored the need for continued interaction and dialogue.
The two sides agreed to maintain close contact and designate focal persons to facilitate follow-up engagement, with a view to agreeing on a suitable date for future interaction.
Senator Muhammad Aurangzeb welcomed the positive remarks and shared that Pakistan was actively pursuing reforms, including the use of technology-driven approaches to improve governance and revenue administration.
He noted that while the reform agenda remained challenging, steady progress was being made.
The Finance Minister also briefed his counterpart on Pakistan’s ongoing engagement with international financial institutions, noting that the country was midway through its current programme and that overall economic indicators were moving in a positive direction.
Both ministers agreed that knowledge sharing and exchange of experiences, particularly in areas such as taxation and reform implementation, were valuable for achieving sustainable outcomes.
They emphasized that learning from each other’s experiences was more effective than externally driven prescriptions and reaffirmed their desire to deepen cooperation through structured dialogue and continued engagement.