SIFC pragmatic platform to attract foreign investment: Aurangzeb

Finance Minister Muhammad Aurangzeb has highlighted successful completion of nine months Stand-By Arrangement with the International Monetary Fund and government's commitment to achieve sustainable economic growth in future. He was talking to a delegation of British International Investment Board who called on him in Islamabad today. On this occasion, he said that increasing Tax to GDP ratio to about 13.7 percent in the medium term is the priority of the government through increasing tax base and FBR's end-to-end digitization. The Minister outlined the initiatives being undertaken in energy sector to reduce the cost of generation and privatization of DISCOs. It was further highlighted that the government is working on SOE reforms, privatization, rightsizing the government and bringing in investment through Public Private Partnership. Muhammad Aurangzeb encouraged the delegation to engage with the Special Investment Facilitation Council, highlighting it as a pragmatic platform that attracts foreign inves tments and provides a streamlined process for investors. On their part, the delegation Investment appreciated the government's initiatives to stabilize the economy and enhance the investment environment. Source: Radio Pakistan