Aurangzeb sees growing foreign investor interest
KARACHI: Federal Minister for Finance and Revenue Muhammad Aurangzeb has said that measures are being taken to attract greater international investment to Pakistan, highlighting emerging investor interest in mining and minerals, technology, agriculture, oil and gas, refinery upgrades and other sectors. He also noted interest from Turkish investors in the privatisation of electricity distribution…
Federal Finance Minister Muhammad Aurangzeb announced efforts to attract more international investment to Pakistan, pointing to rising interest in various sectors such as mining, technology, agriculture, oil and gas, and refinery upgrades. Turkish investors showed particular interest in the privatization of electricity distribution companies, alongside growing attention from Saudi and other global investors across multiple industries.
Aurangzeb emphasized that foreign investment requires time to materialize and depends on policy consistency, streamlined facilitation, and a welcoming investment environment. Speaking to Overseas Investors Chamber of Commerce and Industry members, Aurangzeb noted Pakistan's economy is advancing, attributing this progress to the private sector's leadership and the government's role in fostering a conducive business atmosphere and policy framework.
He highlighted Pakistan's economic transition from contraction to growth and stressed the need to maintain this sustainable trajectory. The minister also highlighted significant local investment activities, such as the PIA transaction, where Pakistani business conglomerates pooled resources to raise close to $1.2 billion. Aurangzeb stressed that while the government provides the enabling environment, private enterprises must spearhead economic expansion.
He also reported a rise in tax filers, reaching 5.7 million, up from 3.9 million last year, and cited the government's commitment to financing the Prime Minister’s Apna Ghar Programme with nearly Rs60 billion, alongside increasing bank approvals for additional financing. Aurangzeb underlined the shift from financing availability to strengthening the supply side to ensure these funds translate into construction, investment, employment, and broader economic activity.
The minister reiterated the government's focus on strengthening the capital-market ecosystem and expanding avenues for capital formation and investment, asserting that Pakistan's future economic path heavily relies on the private sector's capacity for innovation, employment generation, and capacity expansion.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
