FinMin assures foreign investors of govt's full support

ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb assured foreign investors of the government’s full support in facilitating their ventures in Pakistan.

In a meeting with a delegation of international investors, led by Chief Executive Officer (CEO) J.P. Morgan Pakistan, Amin Mohammad Khowaja, the finance minister also welcomed their interest in contributing to the country’s economic growth, a press statement issued here said.

Senator Muhammad Aurangzaib said Pakistan has made in improving its macroeconomic indicators including the 14 percent rise in exports, the decline in inflation to 9.6 percent (which is 34 months low), and an overall decline in the Current Account deficit.

The finance minister also pointed out the improvement in Pakistan’s sovereign credit ratings which reflect a stable and promising economic outlook.

“The country’s economic growth is underpinned by robust fiscal discipline, inflation management, and a favorable balance of payments” he stated.

Senator Muhammad Aurangzeb elaborated on the government’s ambitious structural reforms agenda, aiming at broadening the tax base, rightsizing of the public sector, privatization drive, and energy sector reforms, to aid overall macroeconomic stability.

The finance minister reaffirmed the government’s resolve to carry forward the comprehensive reforms agenda to enhance the efficiency and governance of public institutions.

“These reforms,” he noted, “are designed to create a more conducive environment for foreign investment and to ensure the long-term stability of the economy.”

He reiterated Pakistan’s strong commitment to attracting foreign investments through maintaining a business friendly environment.

On the occasion, the delegation commended the government’s efforts to create a business-friendly environment and expressed optimism about the prospects of increased investment flows into Pakistan, the statement added.

The discussions covered a range of potential investment areas, including renewable energy, information technology, infrastructure development, and the financial sector.

The investors expressed keen interest in these sectors, recognizing Pakistan as a market with immense potential and a strategic location as a gateway to regional markets where foreign investors are eager to explore opportunities for investment in various sectors.