Aurangzeb engages with J.P. Morgan on investment opportunities

Entertainment Sep, 5 2024
Aurangzeb engages with J.P. Morgan on investment opportunities
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ISLAMABAD: Minister for Finance and Revenue Muhammad Aurangzeb held meeting with delegation of international investors led by Amin Mohammad Khowaja, CEO of J.P. Morgan Pakistan.

Discussions centered on interests of institutional investors exploring fixed-income investment opportunities in Pakistan's economy, said Finance Division in statement. "Discussions covered range of potential investment areas, including renewable energy, information technology, infrastructure development and financial sector," read statement. Finance Division informed that investors expressed keen interest in these sectors, "Recognising Pakistan as market with immense potential and strategic location as gateway to regional markets where foreign investors are eager to explore opportunities for investment in various sectors". Finance Minister assured delegation of government's full support in facilitating their investment ventures and welcomed their interest in contributing to Pakistan's economic growth.

"Country's economic growth is underpinned by robust fiscal discipline, inflation management and favourable balance of payments" Aurangzeb told delegation. He elaborated on government's structural reforms agenda, aiming at broadening tax base, rightsizing of public sector, privatisation drive and energy sector reforms to aid overall macroeconomic stability. Meanwhile, Finance Division in its statement informed that investor delegation commended government's efforts to create business-friendly environment and expressed optimism about prospects of increased investment flows into Pakistan.

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