Federal Minister for Finance and Revenue, Muhammad Aurangzeb, held discussions with a delegation of international investors led by Amin Mohammad Khowaja, CEO of J.P. Morgan Pakistan, on Wednesday. The high-level meeting focused on institutional investors’ interest in exploring fixed-income investment opportunities within Pakistan’s economy, according to a statement from the Finance Division.
The discussions covered a wide range of potential investment sectors, including renewable energy, information technology, infrastructure development, and the financial sector. The Finance Division highlighted that the investors showed significant interest in these areas, recognizing Pakistan’s immense market potential and its strategic position as a gateway to regional markets.
Aurangzeb assured the delegation of the government’s full support in facilitating their investment efforts and welcomed their contribution to Pakistan’s economic growth. He also emphasized the positive developments in the country’s economy, such as a 14% increase in exports, a reduction in CPI inflation to 9.6% in August 2024, and an overall decrease in the Current Account deficit.
The Finance Minister further pointed out the improvement in Pakistan’s sovereign credit ratings, which indicate a stable and promising economic outlook. He attributed the country’s economic growth to strong fiscal discipline, effective inflation management, and a favorable balance of payments.
Aurangzeb also detailed the government’s structural reform agenda, which includes broadening the tax base, streamlining the public sector, advancing privatization efforts, and implementing energy sector reforms to ensure overall macroeconomic stability.
During the meeting, he reaffirmed the government’s commitment to pursuing these comprehensive reforms to enhance the efficiency and governance of public institutions, thereby creating a more conducive environment for foreign investment and ensuring the long-term stability of the economy.
In response, the investor delegation praised the government’s efforts to foster a business-friendly environment and expressed optimism about the potential for increased investment flows into Pakistan.
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