Finance Minister Muhammad Aurangzeb outlines Pakistan’s economic reforms, investment opportunities and tax measures at a London investment roundtable.
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb highlighted Pakistan’s economic reforms and investment opportunities while addressing a Pakistan Investment Roundtable in London.
The event was organised by the High Commission of Pakistan in London and attended by prominent investors and representatives of international financial institutions.
Governor of the State Bank of Pakistan Jameel Ahmad, Finance Minister’s Adviser Khurram Shehzad and Pakistan’s High Commissioner to the United Kingdom Tipu Usman also attended the gathering.
Addressing participants, Aurangzeb said the government was pursuing reforms to strengthen the economy, promote sustainable growth and create greater opportunities for the private sector.
The finance minister highlighted progress in reducing the budget deficit, increasing government revenues and advancing financial and institutional reforms. He also outlined measures concerning state-owned enterprises, privatisation, the energy sector and efforts to improve the overall business environment.
Aurangzeb said broadening the tax base and ensuring effective implementation of tax laws were essential for sustainable economic growth. He added that the government was working to improve transparency and reduce discretionary intervention in tax administration.
The minister said Pakistan offered significant opportunities for business and investment, adding that international investor interest was showing signs of recovery.
He also said Pakistan had successfully completed its International Monetary Fund reviews on schedule and that the country’s credit rating had improved on three occasions.
Aurangzeb acknowledged the challenges posed by last year’s floods and the recent conflict in the Middle East. He also highlighted the impact of regional developments on global oil prices and their implications for the economy.
A question-and-answer session was held after the minister’s address. Participants discussed Pakistan’s economic outlook, the investment climate, cooperation with international financial institutions and investment opportunities across various sectors.
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