ISLAMABAD: A delegation of International Investors called on Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday to delve into the economic dynamics and investment prospects in Pakistan.
The Finance Minister welcomed the delegation and assured that the government has taken all pragmatic steps to facilitate the business environment in Pakistan.
He underlined the macroeconomic stability in terms of reduced inflation and a surge in the stock market signaling burgeoning investor confidence.
The finance minister shed light on the government’s tax initiatives, stressing the agenda to broaden the tax base and expedite the digitalization process of the Federal Board of Revenue (FBR). Privatization endeavors, starting with Pakistan International Airlines (PIA), were also delineated, with a commitment to extending privatization efforts to other sectors in the near future.
Aurangzeb said that Pakistan is gradually moving toward economic stability and it is high time to invest in the country.
IT, Agriculture Potential in Pakistan
He emphasized the potential of the IT and Agriculture sector in Pakistan and the need for local as well as foreign investment in these sectors to boost the country’s economy.
The delegation discussed the economic situation and outlook of Pakistan with the minister. They held a comprehensive discussion regarding the IMF programme, market perception and outlook, upcoming budget targets, as well as the situation of foreign reserves.
Reaffirming the commitment to fostering economic growth, the minister pledged to streamline processes, provide required incentives, and ensure a stable regulatory framework. Investors were encouraged to explore opportunities with confidence.
