Aurangzeb vows to attract foreign investments

ISLAMABAD: Finance Minister Muhammad Aurangzeb reaffirmed Pakistan’s dedication to attracting foreign investments by fostering a business-friendly climate.

He spoke with an international investor delegation led by J.P. Morgan Pakistan CEO Amin Mohammad Khowaja during their visit to Islamabad.Dubai Islamic Bank Pakistan Partners with ZLK for Shariah Investments

Aurangzeb detailed the government’s comprehensive reform agenda, which includes expanding the tax base, restructuring the public sector, advancing privatization, and implementing energy sector reforms to enhance overall economic stability.

The Finance Minister highlighted recent improvements in Pakistan’s macroeconomic indicators, such as a 14 percent increase in exports, a reduction in inflation to 9.6 percent (a 34-month low), and a decrease in the Current Account deficit. He also noted the upgrade in Pakistan’s sovereign credit ratings, indicating a stable and promising economic future. He attributed the country’s economic growth to sound fiscal policies, effective inflation control, and a favorable balance of payments.

The delegation praised the government’s efforts to create a favorable investment environment and showed enthusiasm for increased investment in Pakistan. They discussed potential investment opportunities in sectors such as renewable energy, information technology, infrastructure development, and finance.

The investors expressed strong interest in these areas, viewing Pakistan as a market with significant potential and a strategic gateway to regional markets. The Finance Minister assured them of the government’s full support in facilitating their investments and welcomed their interest in contributing to Pakistan’s economic development.