ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb on Friday held a key meeting with a delegation of leading investors and businessmen from the United Arab Emirates (UAE) and shared with them various investment opportunities in Pakistan, an official said.
The delegation, led by Mohamed Baradei, Group CIO of the Abu Dhabi-based EIX global investment and strategic advisory firm, was briefed on the state of Pakistan’s economy and the wide-ranging structural reforms undertaken recently, according to Finance Adviser Khurram Schehzad.
Aurangzeb highlighted the achievement of a primary surplus after many years, the return of inflation to single digits, stable currency, robust foreign exchange reserves and validation from leading international rating agencies which are now aligned in their improved assessment of Pakistan’s economy.
The development comes as Pakistan, currently bolstered by a $7 billion International Monetary Fund (IMF) program, continues to make efforts to boost trade and foreign investment as it treads a long path to sustainable economic growth.
“Senator Aurangzeb underscored the government’s commitment to addressing investor concerns, noting that taxation reforms, tariff rationalization, privatization of state-owned enterprises, and a series of bold structural measures were aimed at fundamentally transforming the DNA of the economy,” Schehzad said on X.
