ISLAMABAD: Pakistan is utilizing the World Economic Forum in Davos this week to project itself as a stabilizing, reform-oriented economy, with Finance Minister Muhammad Aurangzeb holding separate meetings with global payments giant Visa, the ADB and Kuwait’s finance minister to attract digital investment and long-term Gulf capital.
The meetings on Wednesday in Davos come as Pakistan seeks to convert recent macroeconomic stabilization into sustained growth, using the World Economic Forum as a platform to re-engage global investors, multilateral lenders and strategic partners. After securing an International Monetary Fund stabilization program last year, Islamabad is now pitching reforms in taxation, privatization, digital payments and energy to attract long-term capital, strengthen financial inclusion and avoid past boom-and-bust cycles that have repeatedly undermined economic confidence
On Wednesday, Aurangzeb met Visa Group President Oliver Jenkyn on the sidelines of the annual forum to discuss cooperation in digital payments, financial innovation and Pakistan’s transition toward a modern, digitally enabled economy, according to a statement from the finance ministry.
During the meeting, Jenkyn reaffirmed Visa’s long-term interest in Pakistan, highlighting the global shift toward digital payments and the importance of enabling policy frameworks, the finance minister said.
