Islamabad: In a significant stride towards bolstering financial ties, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged in a virtual discussion with Dr. Adnan Chilwan, Group CEO of Dubai Islamic Bank, focusing on enhancing investments in Pakistan.
According to Ministry of Finance announcement issued on 22 August 2024, the meeting aimed to explore avenues for expanding Dubai Islamic Bank’s involvement in Pakistan, particularly within Islamic banking and key economic sectors such as infrastructure and SME development. Senator Aurangzeb articulated the government’s initiatives aimed at economic stabilization and the improvement of the business climate, which include reforms in taxation, state-owned enterprises, and digitalization efforts at the Federal Board of Revenue (FBR).
Dr. Chilwan expressed confidence in Pakistan’s economic direction and reiterated the bank’s commitment to augmenting its role in fostering financial growth within the country. The discussion also covered potential investment opportunities, with Senator Aurangzeb assuring continued support for foreign investment through a stable macroeconomic framework.
The dialogue underscored a mutual commitment to deepening economic cooperation between Pakistan and the UAE, reflecting a shared interest in sustainable development and financial partnership.