Islamabad: In a meeting aimed at bolstering Pakistan’s privatization efforts and economic growth, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged with a delegation from Alvarez and Marsal, a global professional services firm. The discussions focused on the firm’s potential involvement in Pakistan’s privatization processes and establishing a sovereign wealth fund.

Led by Mr. Peter Briggs, Division Executive at Alvarez and Marsal, the delegation underscored the firm’s commitment to investing in Pakistan. Briggs highlighted the firm’s interest in opening an office in the country to support the government’s privatization initiatives and attract global investors. He noted Pakistan’s market presents significant opportunities for investment and growth.

Finance Minister Aurangzeb expressed gratitude for Alvarez and Marsal’s interest, emphasizing the firm’s expertise in privatization and sovereign advisory. He highlighted the government’s dedication to accelerating the privatization process, with 24 state-owned entities already in the pipeline.

Senator Aurangzeb also discussed Pakistan’s macroeconomic progress over the past 14 months. He pointed to the stabilization of the economy and recent commitments by major business groups, such as AP Moller Maersk, as indicators of the country’s promising economic trajectory.

Concluding the meeting, the Minister reiterated the government’s vision to enhance trade, investment, and tourism, aligned with Prime Minister Shehbaz Sharif’s objectives. He expressed optimism that collaboration with Alvarez and Marsal would contribute to Pakistan’s economic prosperity.