Investment outreach must begin at home

September 30, 2026

Prime Minister Shehbaz Sharif’s efforts to attract foreign investment during his London visit deserve appreciation. His meetings with British business representatives offer an opportunity to promote Pakistan’s economic potential and build confidence among international investors. However, the government must recognise that the real test of investment policy lies at home, where businesses still face serious challenges.

The prime minister’s London engagement, linked to his participation in the 81st United Nations General Assembly in New York, comes at an important time for Pakistan’s economy. The government is seeking investment in energy, information technology, agriculture and infrastructure while promoting its economic reform programme.

The country has also made progress in accessing international financial markets. On September 3, the country raised $3 billion through a dual-tranche Eurobond, attracting nearly $6 billion in orders. The transaction included a 5.5-year bond worth $1.75 billion at a 7.5 percent coupon and a 10-year bond worth $1.25 billion at 7.9 percent. The Finance Ministry described the sale as an important step towards restoring access to international capital markets.

These developments reflect efforts to improve Pakistan’s financial standing and diversify its sources of funding. The prime minister’s outreach to international investors is a useful part of this strategy. Yet attracting investment through meetings and presentations is only the beginning.

The government must now address the problems that businesses face inside the country. High energy costs, changing tax policies, complex regulations, lengthy approval processes and uncertainty make it difficult for local and foreign investors to plan for the long term. Political and economic instability can further weaken confidence.

We cannot build a strong investment climate through international engagements alone. It needs consistent policies, fair taxation, reliable energy, easier business procedures and effective institutions. Small and medium-sized businesses also need support, as they create jobs and contribute to economic activity.

The prime minister’s efforts abroad should be matched by practical reforms at home. Investors must find a country where rules are clear, costs are manageable and commitments are honoured.