Islamabad: Finance Minister Muhammad Aurangzeb has invited global stakeholders to invest in Pakistan’s agriculture, IT, renewable energy, and pharma sectors. In an article published on the WEF website, he highlighted the transformative journey embarked upon by Pakistan in recent years towards economic stabilization and growth.
According to Radio Pakistan, the Finance Minister stated that Pakistan’s economy is on a path to recovery. Inflation has decreased to 4.1 percent, and the foreign exchange reserves now provide over two months of import coverage. Exports have risen by 7.1 percent, while the IT sector grew by an impressive 28 percent year-on-year, showcasing significant progress.
The article also mentioned that Pakistan’s global default risk has dropped by 93 percent, which signals renewed faith in the country’s fiscal stability. Highlighting Pakistan’s potential as a lucrative investment hub, the Minister noted that local and foreign investors, including global giants like Aramco, BYD, and Samsung, are contributing to this economic revival.
Furthermore, he pointed out that the current account has been in surplus for three consecutive months, and investor confidence is at a two-year high. Foreign direct investment surged by 20 percent in the first half of the current fiscal year, reflecting renewed trust in Pakistan’s economic trajectory.
The Minister also highlighted initiatives like the Roshan Digital Account, which have attracted over nine billion dollars in inflows, while remittances reached a record 35 billion dollars this year. He noted that Pakistan’s equity market delivered an 87 percent return in dollar terms, underscoring strong investor sentiment.