FinMin unveils new incentives for foreign investors amid push for external financing

Pakistan Aug, 30 2024
FinMin unveils new incentives for foreign investors amid push for external financing
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ISLAMABAD: Finance Minister Muhammad Aurangzeb announced new policy measures aimed at enhancing Pakistan’s investment environment and attracting foreign investors, according to Radio Pakistan.

  Chairing review meeting here with representatives from joint venture investment firms, including Pak-Brunei Investment Company Limited and Saudi-Pak Industrial and Agricultural Investment Company, discussion focused on fostering supportive environment for private sector investment and highlighted significant role these ventures play in driving economic growth. He emphasised government’s commitment to improving investment climate in Pakistan. This comes as South Asian nation seeks to secure $ 7 billion bailout from International Monetary Fund and faces ongoing security issues. During meeting, CEO of Pak-Brunei Investment Company Limited presented an overview of company’s contributions to enhancing economic cooperation between Pakistan and Brunei, particularly in industrial and agricultural sectors. 

CEO of Saudi-Pak Industrial and Agricultural Investment Company detailed company’s development initiatives, which focus on Islamic finance, food security, digital finance and agriculture. Discussion covered various operational aspects of these companies including investment strategies, performance metrics and challenges faced. Both companies shared their successes and obstacles, seeking policy support to address growth impediments and explore future investment opportunities through government-to-government collaborations.  He praised strategic implementation of Saudi Arabia’s Vision 2030 and expressed Pakistan’s interest in adopting similar strategies to achieve its economic goals. 

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