Minister reaffirms commitment to investor-friendly policies

Minister for Finance and Revenue Muhammad Aurangzeb has reiterated the commitment to facilitate investors and ensure a stable and conducive business environment in the country. He was speaking during a virtual meeting with President of Mashreq Bank Ahmed Abdelaal today. The Minister appreciated Mashreq Bank's interest in Pakistan's financial landscape and expressed Pakistan's keen interest to re-engage with Mashreq Bank. He underscored the significant potential for investment in Pakistan's IT and agriculture sectors, calling for increased investment from both local and international investors to drive economic growth. The Minister provided an overview of the economic outlook of the country and mentioned the recent improvements in the macroeconomic indicators and stability of the currency and financial markets. He also mentioned the economic policies and initiatives of the government to stabilize the macroeconomic environment and enhance investor's confidence through broadening the tax base, improving the ease of doing business, digitalization of FBR and reforms. The President of Mashreq Bank, appreciated the policies and initiatives of the government and expressed Mashreq Bank's interest in deepening its engagement with Pakistan in financial sector. Noting that Pakistan is one of the most strategic markets for investment opportunities, he discussed the potential areas for investment including infrastructure, energy, technology, agriculture, and Small and Medium Enterprises. Source: Radio Pakistan