Islamabad: The Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a virtual discussion with Mr. Ahmed Abdelaal, President/GCEO of Mashreq Bank, to deliberate on Pakistan’s economic outlook and potential investment opportunities.

According to Press Information Department, the meeting, attended by the Minister of State Mr. Ali Parvez Malik, and senior officials from the Finance Division and the State Bank of Pakistan, focused on enhancing Mashreq Bank’s engagement in Pakistan’s financial sector. Senator Aurangzeb provided an overview of the country’s economic status, highlighting recent improvements in macroeconomic indicators and the stability of financial markets.

Mr. Abdelaal expressed Mashreq Bank’s appreciation for the government’s initiatives aimed at boosting investor confidence and creating a more business-friendly environment. He showed particular interest in deepening the bank’s involvement in areas such as infrastructure, energy, technology, agriculture, and SMEs, noting Pakistan as a strategic market for these investments.

The meeting underscored the importance of collaboration between Pakistan and the UAE in sectors like remittances, trade, finance, and Islamic banking. The Finance Minister emphasized the potential of Pakistan’s IT and agriculture sectors for economic growth and reaffirmed the government’s commitment to fostering a stable and inviting business climate to attract both local and international investments.