Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged in talks with a delegation of international investors led by Mr. Amin Mohammad Khowaja, CEO of J.P. Morgan Pakistan, discussing various investment opportunities within Pakistan’s economy. The meeting revolved around the potential for fixed income investments, with the Finance Minister outlining the improvements in economic indicators and structural reforms aimed at enhancing macroeconomic stability and attracting foreign investment.
According to Press Information Department, during the discussions, Senator Aurangzeb showcased the progress Pakistan has made in terms of economic stability. He cited a 14% increase in exports, a reduction in inflation to a 34-month low of 9.6%, and a decrease in the Current Account deficit as evidence of the country’s improving economic health. The Finance Minister emphasized that these achievements reflect a stable and promising outlook for the economy, bolstered by rigorous fiscal discipline, effective inflation management, and a favorable balance of payments.
Senator Aurangzeb also detailed the government’s agenda for structural reforms which include broadening the tax base, rightsizing the public sector, privatization initiatives, and energy sector reforms. These measures are intended to foster a conducive environment for foreign investment and ensure the economy’s long-term stability. He reassured the delegation of the government’s commitment to continuing these comprehensive reforms to improve the efficiency and governance of public institutions.
The meeting also covered discussions on potential investment areas such as renewable energy, information technology, infrastructure development, and the financial sector. The investors expressed a strong interest in these sectors, viewing Pakistan as a market with considerable potential and a strategic position as a gateway to regional markets.
The delegation praised the government’s efforts to establish a business-friendly environment and expressed optimism about the prospects of increased investment flows into Pakistan. The Finance Minister affirmed the government’s support for facilitating their investment plans and reiterated Pakistan’s strong commitment to attracting foreign investments by maintaining a business-friendly environment.