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Tuesday May 28, 2024

Aurangzeb meets US-Pak Business Council members

Finance Minister highlighted the government’s dedication to attracting both foreign and domestic investments in key sectors

By Wajid Ali Syed
April 16, 2024
Minister of Finance Muhammad Aurangzeb meets US-Pakistan Business Council members in Washington on April 15, 2024. — X/@Financegovpk
Minister of Finance Muhammad Aurangzeb meets US-Pakistan Business Council members in Washington on April 15, 2024. — X/@Financegovpk

WASHINGTON: Federal Minister for Finance and Revenue Muhammad Aurangzeb met with the US-Pakistan Business Council members here on Monday.

The finance minister had arrived the day before to attend the annual IMF-World Bank Spring meetings. This was the minister’s first meeting where he discussed the government’scommitment to improving the business climate in Pakistan.

According to a statement issued by the ministry, the Finance Minister highlighted the government’s dedication to attracting both foreign and domestic investments in key sectors. These sectors include agriculture, IT, mines & minerals, and energy.

He later had a meeting with Mohamed Nasheed, former President of the Maldives and Secretary General Climate Vulnerable Forum (CVF). The finance minister highlighted Pakistan’s vulnerability to climate change, role played by the country in the establishment of Loss and Damage Fund during COP28 and the way forward to address climate challenges in vulnerable countries.

The finance minister also had a session with influential Pakistani American businessmen and tech entrepreneurs. He highlighted Pakistan’s improved business climate and investment opportunities in key sectors and lauded the diaspora’s contribution to Pakistan’s socio-economic development. He invited them to invest in Pakistan while assuring full support for the resolution of problems being faced by the IT companies doing business in Pakistan.