Islamabad: Pakistan’s Finance Minister Muhammad Aurangzeb has reiterated the government’s commitment to fostering a business-friendly environment conducive to foreign investments. The reaffirmation came during a meeting with a delegation of international investors led by Amin Mohammad Khowaja, CEO of J.P. Morgan Pakistan.
According to Ministry of Information and Broadcasting, the discussions underscored Pakistan’s robust agenda for structural reforms aimed at enhancing the country’s macroeconomic stability. Muhammad Aurangzeb detailed initiatives such as broadening the tax base, rightsizing the public sector, a privatization drive, and energy sector reforms.
During the interaction, the Finance Minister highlighted recent improvements in Pakistan’s economic indicators, noting a 14 percent increase in exports, a drop in inflation to 9.6 percent a 34-month low, and a reduction in the Current Account deficit. He also mentioned the enhancement of Pakistan’s sovereign credit ratings, which signal a stable and promising economic outlook. Aurangzeb emphasized that these achievements were supported by stringent fiscal discipline, effective inflation management, and a favorable balance of payments.
The delegates praised the Pakistani government’s steps towards creating an inviting atmosphere for business and expressed optimism regarding future investment opportunities in the country. They showed particular interest in sectors like renewable energy, information technology, infrastructure development, and the financial sector.
Recognizing Pakistan as a market with significant potential and a strategic position as a gateway to regional markets, the investors were eager to explore various investment opportunities. The Finance Minister assured the delegation of the government’s full support in facilitating their investment ventures and encouraged their contribution to Pakistan’s economic growth.