Aurangzeb highlights economic reforms at London Investment Forum

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has 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 were also present.

Addressing the gathering, Aurangzeb said the government was pursuing reforms aimed at strengthening the economy, promoting sustainable growth and creating greater opportunities for the private sector.

He highlighted progress in reducing the budget deficit, increasing government revenues and advancing financial and institutional reforms. He also referred to reforms in state-owned enterprises, privatisation, the energy sector and measures to improve the business environment.

The Finance Minister said broadening the tax base and ensuring effective implementation of tax laws were essential for sustainable economic growth. He said the government was also working to improve transparency and reduce discretionary intervention in tax administration.

Aurangzeb said Pakistan offered significant opportunities for business and investment and that international investor interest was showing signs of recovery.

He said Pakistan had successfully completed its IMF reviews on schedule and that the country’s credit rating had improved on three occasions.

The minister also noted the challenges posed by last year’s floods and the recent conflict in the Middle East, including the impact of regional developments on global oil prices.

A question-and-answer session followed, during which participants discussed Pakistan’s economic outlook, investment climate, cooperation with international financial institutions and opportunities across various sectors.