PM Shehbaz meets global financial firms in London, invites them to invest and expand services in Pakistan
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday met with senior executives from leading global financial institutions in London and invited them to invest and expand their services in Pakistan. During a busy day in the UK capital, the premier held a series of meetings with top officials of Barclays, JP Morgan, Citi, BlackRock and Rothschild & Co. Earlier in the day, he also became the first…
Prime Minister Shehbaz Sharif met with executives from Barclays, JP Morgan, Citi, BlackRock and Rothschild & Co in London, inviting them to invest and expand their services in Pakistan. Earlier, he opened trading at the London Stock Exchange, becoming the first Pakistani prime minister to do so. The PM's Office stated that these meetings showed growing international interest in Pakistan's economic reforms and improved investment climate.
In discussions with JP Morgan, Shehbaz invited the firm to grow its footprint in Pakistan, focusing on capital markets, trade finance and investment banking. Barclays' head of Private Bank and Wealth Management UK was briefed on the government's stabilization measures, and Citi was encouraged to expand its corporate and institutional banking services.
BlackRock was invited to allocate more to Pakistani equities and fixed income. The PM highlighted Pakistan's improved macroeconomic indicators and its potential as a safer investment market, despite the Middle East conflict. Finance Minister Muhammad Aurangzeb and Privatisation Commission head Muhammad Ali were also present in the meetings.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
