LONDON: Investors of United Kingdom's capital and financial market in meeting with caretaker Prime Minister Anwaarul Haq Kakar expressed their keen interest in exploring investment opportunities in Pakistan.

Leaders of notable investment firms who met Prime Minister in London included Fidelity International Limited (FIL), Wellington Management, Ashmore, Jefferies International, Redwheel Capital, Switex Industrial SA, Oxford Frontier Capital, GuarantCo, JP Morgan, Kalrock Capital and UBL UK.

Prime Minister Kakar informed delegation about Pakistan's current economic landscape, highlighting government measures for external account improvement.

He said that recent administrative actions strengthened Pakistani rupee against dollar, fostering optimism for stability. He said positive indicators, including inflows from World Bank, Asian Development Bank and friendly nations, contributed to reduced inflation, stabilised reserves and revival of industrial growth.

He spoke about potential for foreign direct investment in Pakistan's key sectors and positive impact of Stand-By Arrangement with IMF, exceeding expectations and stabilising economy and currency.

Prime Minister Kakar highlighted economic improvements such as reduced inflation with expected sustained decline and upcoming growth in agriculture and industry.

He mentioned improved trade after removal of restrictions on imports and fiscal measures for monetary support and medium-term inflation targets.

 Prime Minister highlighted Pakistan's pro-investment efforts, introducing Special Investment Facilitation Council. This initiative, led by Prime Minister himself, streamlines investment processes, attracts investments in key sectors and fosters long-term growth by simplifying business landscape.

British investors enquired about continuity of International Monetary Fund programme in Pakistan and reform efforts from short to medium term. PM Kakar assured them that Pakistan had expressed its commitment to IMF programme by undertaking reforms committed with IMF.

Published in The Daily National Courier, September, 26 2023

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.