Islamabad: In a move to bolster economic collaboration, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a virtual meeting with Mr. Ahmed Abdelaal, President and GCEO of Mashreq Bank, to discuss potential investment opportunities in Pakistan.
According to Ministry of Finance announcement issued on 19 August 2024, the conversation focused on improving Pakistan’s economic indicators and attracting investments in critical sectors such as infrastructure, energy, technology, agriculture, and SMEs. The Minister outlined recent advancements in economic stability, tax reforms, and digitalization efforts aimed at boosting investor confidence and simplifying business operations in Pakistan.
Mr. Abdelaal expressed Mashreq Bank’s commitment to expanding its footprint in Pakistan, highlighting the country’s strategic importance as a market and its potential for growth in various sectors. He noted the significance of enhancing collaborations between Pakistan and the UAE, particularly in the realms of finance and Islamic banking.
The meeting concluded with both parties affirming their dedication to fostering a robust economic relationship, with the Pakistani government ensuring a supportive environment for foreign investors.