Islamabad: Finance Minister Muhammad Aurangzeb has reaffirmed the government’s commitment to fostering private sector-led growth by creating a more business-friendly environment, during a meeting with Mikko Keto, Global CEO of FLSmidth.

According to Ministry of Information and Broadcasting, the meeting focused on Pakistan’s strategic transition towards an export-led growth model, which aims at achieving sustainable economic development across various sectors. The Finance Minister outlined comprehensive reforms being undertaken by the government, including those in the energy and power sectors, privatization of state-owned enterprises, and restructuring of the tax system and public expenditure.

Muhammad Aurangzeb stressed the importance of the private sector leading economic activities, stating, “The private sector must lead the way, and our role is to ensure maximum facilitation.” He assured the delegation of Pakistan’s dedication to providing a favorable and conducive investment climate for foreign investors.

Mikko Keto expressed his appreciation for the support provided by Pakistan and shared insights into FLSmidth’s expanding presence in the country. Both sides also expressed their strong commitment to strengthening economic ties in the mining and cement industries.