Finance Minister Muhammad Aurangzeb is actively encouraging foreign firms to invest in Pakistan, highlighting agriculture, information technology, and mining as sectors ripe with opportunities due to a favorable investment climate.
Speaking at the annual World Bank meetings in Washington, Aurangzeb participated in investor forums organized by major financial institutions like Citibank, Standard Chartered, and JP Morgan.
During these forums, he shared the positive economic trends of FY24 and emphasized that Pakistan’s economic indicators are progressing well.
The minister discussed comprehensive reforms across taxation, energy, state-owned enterprises (SOEs), privatization, and governmental right-sizing.
In his interactions, including a key meeting with Islamic Development Bank President Dr. Muhammad Sulaiman Al Jasser, Aurangzeb praised the bank’s support in various sectors including the development of the Mohmand dam. He advocated for similar co-financing models for future projects.
At a luncheon with the US-Pakistan Business Council, he recognized their role in strengthening US-Pakistan trade and investment relations, inviting American companies to leverage Pakistan’s investor-friendly policies.
He also met with executives from JP Morgan Bank and outlined Pakistan’s enhanced economic measures and ongoing reforms in taxation and privatization.
Additionally, Aurangzeb discussed the enduring development partnership with the UK and welcomed their recent financial contributions to climate initiatives in Pakistan.
His discussions with World Bank Managing Director Anna Bjerde focused on Pakistan’s development agendas underpinned by the Country Partnership Framework.
Concluding his engagements at the Small Talks Forum by Bank of America Securities, Aurangzeb invited global partnerships in Pakistan’s agriculture, IT, and mining sectors, reinforcing his commitment to stabilizing and growing Pakistan’s economy.
