Finance Minister Commits to Stable Regulatory Environment for Foreign Investors in Islamabad

Islamabad, Finance Minister Muhammad Aurangzeb has committed to enhancing the regulatory framework to attract foreign investors, promising to simplify procedures and offer necessary incentives.

According to Ministry of Information and Broadcasting, during a meeting with an International Investors delegation in Islamabad, the Finance Minister underscored the government’s efforts to bolster Pakistan’s business environment. He noted significant progress in macroeconomic stability, marked by decreased inflation and a rising stock market, which he suggested reflect growing confidence among investors.

Further, Senator Muhammad Aurangzeb discussed the government’s tax reforms aimed at expanding the tax base and accelerating the Federal Board of Revenue’s digitalization. He also outlined the ongoing privatization initiatives, starting with Pakistan International Airlines, and expressed plans to extend these efforts to more sectors soon.

Highlighting the potential for growth in the IT and agriculture sectors, Aurangzeb encouraged both local and international investments to further economic development. The session with investors also covered discussions on the IMF program, upcoming budgetary targets, market perceptions, and the state of foreign reserves, all aiming to reassure and attract potential investors to capitalize on the opportunities in Pakistan.