Finance Minister Muhammad Aurangzeb is on an official visit to the United States, where he is meeting key figures from global financial institutions and top American corporate leaders in a bid to promote investment in Pakistan, and showcase the government’s economic reform efforts.
During a series of high-level engagements, Minister Aurangzeb stressed the crucial role of the private sector in accelerating Pakistan’s economic development. According to the Ministry of Finance, the minister emphasized that public-private partnerships are essential to tackling challenges such as rapid population growth and climate change, and to achieving long-term economic stability.
Speaking on behalf of the Pakistani government, Ambassador to the US Rizwan Saeed Sheikh also invited foreign investors to Pakistan, especially in sectors like information technology and minerals.
"Pakistan is a large market with a population of over 250 million and can serve as a gateway to Central Asia, China, the Middle East, and African markets," he told American investors.
In a promising development, leading American multinational Philip Morris expressed interest in expanding its operations in Pakistan.
On the institutional front, the finance minister received encouraging feedback from international financial leaders. Martin Reiser, vice president of the World Bank, praised Pakistan's recent economic policies aimed at restoring stability and expressed full confidence in the government's approach.
He noted that the World Bank's 10-year, $40 billion program for Pakistan underlines its deep commitment to supporting the country’s development agenda.
Similarly, IMF Executive Director Bahadur Bijani lauded Pakistan's reform process and the government's efforts to steer the economy toward sustainability.
