Hong Kong: The Finance Minister of Pakistan, Senator Muhammad Aurangzeb, underscored the pivotal role of innovation in economic development during his speech at the Asian Financial Forum 2025. Addressing a plenary session titled “Innovation: The Solution to Unlock the Next Growth Engines,” Minister Aurangzeb outlined how innovation can serve as a catalyst for economic growth and resilience, particularly in Asia’s dynamic financial landscape.

According to a statement by Press Information Department, the Minister emphasized Pakistan’s commitment to fostering a conducive environment for innovation, aiming to propel the private sector towards progress and prosperity. He discussed the importance of adopting new technologies and business models to enhance competitiveness and address global economic challenges.

Minister Aurangzeb also highlighted the significance of learning from Hong Kong’s financial strategies, especially in the application of AI and blockchain technology. He reiterated the government’s dedication to creating a stable policy framework to support innovation and technological advancement.

The Finance Minister’s participation in the forum showcased Pakistan’s strategic focus on leveraging innovation to achieve sustainable development and inclusive growth. His remarks underscored the government’s role in enabling collaboration and innovation to drive economic progress.

In his address, Minister Aurangzeb reaffirmed Pakistan’s commitment to using innovation as a key instrument for future prosperity, emphasizing the need for a culture of entrepreneurship and technological advancement. His insights reflected the country’s vision for a forward-looking economy, built on innovation and resilience.