Islamabad, Sep 5: Foreign investors were urged by Finance Minister Muhammad Aurangzeb on Wednesday to look into the economy’s fixed-income investment potential.
Amidst an international investor delegation led by Amin Mohammad Khowaja, CEO of JP Morgan Pakistan, the minister emphasized the noteworthy advancements Pakistan has achieved in enhancing its macroeconomic metrics. These include a 14% increase in exports, a 9.6% decrease in inflation, and a general decrease in the current account deficit.
In addition, he emphasized Pakistan’s improved sovereign credit ratings, which are evidence of the nation’s steady and optimistic economic future. Potential investors can take heart from the minister’s belief in Pakistan’s economic progress, which is supported by strict budgetary control, effective inflation management, and a positive balance of payments.
In order to support overall macroeconomic stability, Mr. Aurangzeb also provided more details on the government’s ambitious agenda for structural reforms, which includes plans to rightsize the public sector, increase tax base, push for privatization, and reform the energy sector. He stated, “These reforms are intended to guarantee the long-term stability of the economy and to foster an environment that is more favorable for foreign investment.”
The team was greeted by the finance minister with an assurance that their investment endeavors would receive full support from the government, and he expressed gratitude for their desire to contribute to the economic prosperity of Pakistan. He reaffirmed Pakistan’s unwavering commitment to luring in foreign capital by sustaining an atmosphere that is conducive to business.
