Islamabad: Finance Minister Muhammad Aurangzeb held a meeting with a high-level international investors' delegation to advance private sector-led growth and reform agenda. The delegation, which included representatives from the International Finance Corporation, British International Investment, Asian Development Bank, and Baltoro Capital, convened in Islamabad to discuss key strategies for bolstering Pakistan's economic landscape. According to Radio Pakistan, the meeting centered on strategies to strengthen private sector-led growth, attract investment, and enhance collaboration to support Pakistan's reform goals. The Finance Minister expressed appreciation for the longstanding partnership with the International Finance Corporation and Asian Development Bank, and he welcomed their increased involvement, particularly in areas related to private sector financing and local currency initiatives. Discussions highlighted the need to protect and expand private sector exposure while reducing sovereign risk. There was a consensus on the importance of innovative local currency financing mechanisms to boost private sector participation. The delegation members reiterated their commitment to aiding Pakistan's reform and investment agenda, noting the increasing focus of development partners on catalyzing private sector participation, supporting trade, and facilitating private equity investments in infrastructure, SMEs, mid-cap enterprises, job creation, and economic diversification. Furthermore, participants stressed the significance of ongoing collaboration with the Government on tax reforms, investment facilitation, and improving the overall business environment. The meeting concluded with a shared commitment to deepen partnerships and accelerate efforts toward establishing a stable, investment-friendly, and private sector-driven growth model for Pakistan.
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