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Pakistan

Aurangzeb engages with J.P. Morgan on investment opportunities in Pakistan

  • High-level huddle discusses interests of institutional investors exploring fixed-income investment opportunities in Pakistan
Published September 4, 2024

Federal Minister for Finance and Revenue Muhammad Aurangzeb held a meeting with a delegation of international investors led by Amin Mohammad Khowaja, CEO of J.P. Morgan Pakistan, on Wednesday.

The high-level discussions centered on the interests of institutional investors exploring fixed-income investment opportunities in Pakistan’s economy, said the Finance Division in a statement.

“The discussions covered a range of potential investment areas, including renewable energy, information technology, infrastructure development, and the financial sector,” read the statement.

Pakistan in ‘advanced stage’ to get external financing assurances, says Aurangzeb

The Finance Division informed that the investors expressed keen interest in these sectors, “recognizing Pakistan as a market with immense potential and a strategic location as a gateway to regional markets where foreign investors are eager to explore opportunities for investment in various sectors”.

The Finance Minister assured the delegation of the government’s full support in facilitating their investment ventures and welcomed their interest in contributing to Pakistan’s economic growth.

During the meeting, Aurangzeb highlighted developments on the economic front, including the 14% increase in exports, decline in CPI inflation to 9.6% in August 2024, and an overall decline in the Current Account deficit.

The Finance Minister also pointed out the improvement in Pakistan’s sovereign credit ratings which reflect a stable and promising economic outlook.

“The country’s economic growth is underpinned by robust fiscal discipline, inflation management, and a favorable balance of payments” Aurangzeb told the delegation.

He also elaborated on the government’s structural reforms agenda, aiming at broadening the tax base, rightsizing of the public sector, privatization drive, and energy sector reforms to aid overall macroeconomic stability.

During the meeting, Aurangzeb reaffirmed the government’s resolve to carry forward the comprehensive reforms agenda to enhance the efficiency and governance of public institutions.

“These reforms are designed to create a more conducive environment for foreign investment and to ensure the long-term stability of the economy,” he noted.

Meanwhile, the Finance Division in its statement informed that the investor delegation commended the government’s efforts to create a business-friendly environment and expressed optimism about the prospects of increased investment flows into Pakistan.

Comments

200 characters
T Sep 04, 2024 04:10pm
Aurangzeb is kidding, why don't pakistanis know about these opportunities?
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NAVEED Sep 04, 2024 05:00pm
Solution to energy shortage is using local resources woth local experts. Eliminating all those from public service organs of state who conspiring against energy independence of the nation from many decades. Also putting them for accountability against all their crimes against people and nation for keeping it away from self reliance in energy and other sectors.
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Khanra Sep 04, 2024 06:32pm
What strategic location? Enemies with Afghanistan and India, ok relations with heavily-sanctioned Iran, far from economic centres in China. Nothing in Central Asia. Climate catastrophe in the making.
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Notsurprised Sep 04, 2024 07:27pm
Who will invest? The govt always villifies investors later on, after itself incompetently enters into weak deals out of desperation. Then years later pretends to be victim. E.g. IPPs fiasco
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Umer Sep 04, 2024 07:40pm
Investment opportunities in a land where there is no law and order. Where companies have to go to international court for justice.
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Maqbool Sep 04, 2024 07:41pm
If Pakistanis aren’t investing in Pakistan, should foreigners? Money goes to country’s with honest and non dictator rulers, take UAE next door as an example . Thats the strategic location people want
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IMTIAZ CASSUM AGBOATWALA Sep 04, 2024 08:10pm
Fixed income investment opportunities are no no bane for the economy.
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Chawla.i Sep 04, 2024 08:16pm
He lives in a foolish paradise...as local investors r leaving and Finance M claiming all is well....keep it up...
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Chawla.i Sep 04, 2024 11:32pm
Go visit industrial and agriculture sector to understand why no more investments,after a true survey can discuss true solutions enable to excel investments...dear sir do homework U r finance minister
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Chawla.i Sep 04, 2024 11:36pm
Broaden tax base is again a true reality and fr that honest people needed in FBR otherwise cant b achievable as automation is not a solution fr a developing country like Pakistan,need macro level teem
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