Highlighting the significant potential of investment in Pakistan’s information technology and agriculture sectors, Finance Minister Muhammad Aurangzeb expressed the government’s keen interest in re-engaging with Mashreq Bank.
The finance minister was talking to the President and Group Chief Executive Officer (GCEO) of Mashreq Bank, Ahmed Abdelaal, who virtually called on him to discuss the economic outlook and explore investment opportunities in Pakistan, according to a press release issued by the Ministry of Finance.
Reiterating the government’s commitment to provide a stable and conducive business environment, Senator Muhammad Aurangzeb said that all necessary measures were being taken to facilitate investments.
The meeting was also attended by Minister of State, Ali Parvez Malik, and senior officers from the Finance Division and State Bank of Pakistan (SBP).
The Finance Minister underscored the significant potential of Pakistan’s IT and Agriculture sectors, calling for increased investment from both local and international stakeholders to drive economic growth.
He appreciated Mashreq Bank’s interest in Pakistan’s financial landscape and expressed the government’s keen interest in re-engaging with Mashreq Bank.
The Minister provided an overview of the country’s economic outlook and mentioned the recent improvements in the macroeconomic indicators and stability of the currency and financial markets.
He also mentioned the economic policies and initiatives of the government, emphasizing the ongoing efforts to stabilize the macroeconomic environment and enhance investor’s confidence through key initiatives of the government such as broadening the tax base, improving the ease of doing business, digitalization within the Federal Board of Revenue (FBR), the privatization agenda of the government, and SOEs reforms.
On the occasion, Ahmed Abdelaal appreciated the policies and initiatives of the government towards improving the investors’ confidence and creating a business-friendly environment in the country.
He expressed Mashreq Bank’s interest in deepening its engagement in Pakistan’s financial sector and contributing to the country’s economic development, adding Pakistan was amongst one of the most strategic markets for investment opportunities.
He also discussed the potential areas for investment in Pakistan such as infrastructure, energy, technology, agriculture, and SMEs to enhance collaboration between Pakistan and the United Arab Emirates (UAE) for remittances, trade, finance, and Islamic banking.
According to the statement, the strong partnership between Pakistan and Mashreq Bank in promoting sustainable economic development was also highlighted in the meeting.
The dialogue reflected Pakistan’s commitment to prudent fiscal management, investor-friendly policies, and inclusive growth, marking a positive step forward in enhancing economic collaboration.
