London: Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal, visited British International Investment (BII) where he was welcomed by Holger Rothenbusch, Managing Director and Head of Infrastructure and Climate; Saad ul Islam, Investment Director, Infrastructure Equity; and Habib Yousaf, Regional Director, South Asia.

According to a statement by Ministry of Planning Development and Special Initiatives, the visit focused on mobilizing private sector involvement to enhance economic activity under the URAAN PAKISTAN initiative. Minister Iqbal discussed the strategic importance of BII in driving investments in infrastructure and climate resilience sectors. He emphasized leveraging Pakistan’s Special Investment Facilitation Council for attracting both domestic and international investors.

Minister Iqbal presented the 5Es Framework of URAAN PAKISTAN, highlighting key areas such as Exports, E-Pakistan, Environment, Energy, and Ethics, Equity, and Empowerment. He pointed out the potential of Pakistan’s young workforce as an advantage in attracting industries looking for cost-effective solutions amid global labor cost increases.

Structural reforms are integrated into URAAN PAKISTAN to ensure the 5Es Framework’s effective implementation, Minister Iqbal noted. He mentioned ongoing reforms in energy pricing, supply chain optimization, and tax administration, which are contributing to Pakistan’s economic stability and recovery.

Under Prime Minister Shehbaz Sharif’s leadership, Minister Iqbal reaffirmed the progress of the China-Pakistan Economic Corridor, which has entered Phase 2.0. This phase offers opportunities for businesses to engage in Pakistan’s growth. The meeting concluded with a commitment to strengthen investment ties between Pakistan and BII, enhancing Pakistan’s appeal to global investors.