ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, recently met with TPG Capital, led by Partner Jide Olanrewaju, to explore investment opportunities aimed at bolstering Pakistan’s economic growth.
The meeting focused on strengthening investment ties, with the minister emphasizing the positive trend of key economic indicators in Pakistan. He noted a significant reduction in the current account deficit, which signals greater economic stability.
Highlighting the government’s commitment to boosting exports through diversification strategies, the minister reported a marked improvement in export performance. He also announced that inflation has fallen to single-digit levels, showcasing the effectiveness of the government’s economic management.
In line with the government’s vision for sustainable economic growth, Senator Aurangzeb discussed ongoing structural reforms designed to improve market conditions and create an inviting environment for both domestic and foreign investments. These reforms are crucial for attracting capital and building investor confidence in Pakistan’s economic landscape.
Olanrewaju expressed a strong interest in increasing investments in climate transition infrastructure, stressing the importance of attracting capital for sustainable development initiatives in the country. This focus aligns with the global shift toward greener investments and reflects TPG’s commitment to responsible investing.
The finance minister also shared details about a recently established ten-year partnership framework with the World Bank, aimed at facilitating various projects that will significantly support Pakistan’s economic development.
The meeting concluded with a mutual commitment to collaborate on investment initiatives that align with Pakistan’s economic objectives and sustainable development goals. Senator Aurangzeb reiterated the government’s openness to engaging with international investors, highlighting the crucial role of partnerships with organizations like TPG Capital in driving economic progress.
