Islamabad, Aug 23: In a virtual conference yesterday, Dubai Islamic Bank was invited by Pakistan’s Finance Minister Muhammad Aurangzeb to expand its interests in the nation. He spoke with the Group CEO of Dubai Islamic Bank, Adnan Chilwan, about Pakistan’s economic development and possible paths for more investment in the nation. Secretary of Finance Ali Parvez Malik, along with other top personnel from the Finance Division, attended the meeting.
Senator Aurangzeb greeted Chilwan and conveyed his appreciation for Dubai Islamic Bank’s ongoing cooperation with Pakistan’s banking industry. He emphasized the government’s resolve to fortifying economic connections with foreign allies, especially in the field of Islamic finance, and he was upbeat about upcoming partnerships with Dubai Islamic Bank.
The Finance Minister gave a thorough summary of the state of the economy in Pakistan, highlighting the strides made in bringing about economic stability and creating an atmosphere that is favorable to investment and enterprise.
The speaker emphasized many significant government measures, including expanding the tax base, improving business accessibility, digitizing the Federal Board of Revenue (FBR), and continuing state-owned enterprise (SOE) reforms and restructuring as well as privatization.Adnan Chilwan noted that Pakistan continues to be a strategically significant market for Dubai Islamic Bank and expressed his gratitude for Pakistan’s economic policies and achievements.
He reaffirmed the bank’s desire to contribute more to the financial development of the nation, especially in areas like infrastructure, SME development, and Islamic banking. Muhammad Aurangzeb reiterated during the meeting the government’s commitment to maintaining a stable macroeconomic environment and making sure that all required policies are put in place to encourage foreign investment.
The importance of enhancing Pakistan’s and Dubai Islamic Bank’s economic relations was emphasized throughout the conversation.The summit demonstrated the parties’ mutual commitment to promoting sustainable economic growth and strengthening financial relations between Pakistan and the United Arab Emirates.
