Islamabad, Sep 27: The prime minister, Shehbaz Sharif extend an invitation to American banks to make investments in Pakistan’s vital industries, including energy, technology, infrastructure, and agriculture. He also gave an assurance that the government would continue to support foreign investment by preserving a stable macroeconomic environment.
Speaking to a group of well-known Pakistani American financiers outside the 79th UN General Assembly, the prime minister made these remarks. High-ranking personnel from prominent banks, such as JP Morgan, Sumitomo Mitsui Banking Corp, Goldman Sachs, Citizens Bank, Lazard, and Audax Group, were part of the delegation.
He briefed the team on the main steps the government has made to stabilize the economy and draw in foreign investment to Pakistan. These steps include expanding the tax base, improving the business environment, and continuing to restructure the state-owned firms.
As a result of these actions, foreign rating agencies like Fitch and Moody’s have upgraded Pakistan’s credit rating and improved its economic metrics. In addition, he gave the group an update on the creation of the Sustainable Finance Framework, which would enable the government to issue green and sustainability bonds on global financial markets.
The delegation expressed gratitude to the prime minister for the chance to speak with him and praised the government’s policies for being crucial in bringing macroeconomic stability to Pakistan. The delegation also conveyed a strong desire to work with the government to support the growth of the manufacturing sector, particularly SMEs, in order to increase exports.
