Finance Minister lauds VISA’s commitment to modernizing Pakistan’s payments ecosystem

Finance Minister Muhammad Aurangzeb met with Regional President for VISA Andrew Torre in Washington DC on Saturday. During the meeting, the Finance Minister appreciated VISA's commitment to modernizing Pakistan's payments ecosystem, including support for domestic payment players like 1Link. He commended Visa's efforts in promoting financial inclusion and supporting entrepreneurs in Pakistan. The Minister expressed satisfaction over Visa's launch of the Financial Inclusion Card in partnership with Meezan Bank. Both parties agreed on the importance of offering more routing choices for clients and ensuring a level playing field for domestic transaction processing. Global Head of Corporate and Investment Banking Business of Natixis Mohammad Kallala called on Finance Minister Muhammad Aurangzeb in Washington DC on Saturday. During the meeting, he briefed the Finance Minister on Natixis' operations and strong presence in infrastructure, renewables, transportation, aviation, telecom and tech sectors. The two discussed opportunities for partnership with Gulf investors, particularly from Saudi Arabia, to provide financing and advisory support for investments into Pakistan. Mohammad Kallala shared that the Bank aims to collaborate with a select group of leading Pakistani companies to facilitate these investments. Both sides agreed on the importance of maintaining continued engagement in the future. Vice President and Global Head of Government Affairs and Public Policy at Google Karan Bhatia also called on Finance Minister Muhammad Aurangzeb in Washington DC on Saturday. During the meeting, Karan Bhatia provided an overview of Google's recent activities and engagements in Pakistan, along with their plans to deepen investments and make tangible economic contributions in the country. He raised regulatory, legislative, connectivity, and financial concerns. The Finance Minister assured full support in this regard. Source: Radio Pakistan