Pakistan and Saudi Arabia on Sunday discussed further expanding their trade and investment relations as Pakistani Finance Minister Abdul Hafeez Shaikh met with his Saudi counterpart here during the annual IMF-World Bank gathering.
"We have close historical links between our countries. So we discussed strengthening trade and economic ties in a number of areas," said Dr Shaikh after meeting with Dr Ibrahim al-Assaf.
The finance minister said Saudi Arabia is already participating in hydropower projects and showed further interest in the area. The two finance leaders also discussed the global economic situation. They agreed to identify potential areas of co-operation in the form of Saudi investment and joint ventures.
Earlier, Dr Shaikh also met with Iranian finance minister Syed Shams Al-din Hosseini and discussed the possibilities of economic co-operation and trade liberalisation.