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Finance Minister pledges to ensure stable regulatory framework for foreign investors

Muhammad Aurangzeb welcomes the delegation and assures that the present government has taken all pragmatic measures to facilitate the business environment in Pakistan.

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Islamabad: Finance Minister Muhammad Aurangzeb on Monday pledged to streamline processes, provide necessary incentives, and ensure a stable regulatory framework for foreign investors.

He was talking to a delegation of International Investors that called on him in Islamabad today to delve into the economic dynamics and investment prospects of Pakistan.

The Finance Minister welcomed the delegation and assured that the present government has taken all pragmatic measures to facilitate the business environment in Pakistan.

 During the session, he highlighted the macroeconomic stability in terms of reduced inflation and surge in stock market signaling burgeoning investor confidence.

Moreover, Senator Muhammad Aurangzeb shed light on the government's tax initiatives, emphasizing the agenda to broaden the tax base and expedite the digitalization process of the Federal Board of Revenue.

Privatization endeavors, commencing with Pakistan International Airlines, were also delineated, with a commitment to extend privatization efforts to additional sectors in the near future.

The Minister for Finance and Revenue shared that Pakistan is gradually moving toward economic stability and it is high time to invest in Pakistan.

He stressed upon the potential of IT and Agriculture sector in Pakistan and the need for local as well as international investment in these sectors to boost the country's economy.

The delegation discussed the economic situation and outlook of the country with the Finance Minister.

Investors held a comprehensive discussion with the Finance Minister regarding IMF program, upcoming budget targets, market perception and outlook, as well as the situation of foreign reserves.

Investors were encouraged to explore opportunities with confidence, as the government remains dedicated to facilitating their ventures and contributing to the nation's prosperity.

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Regional

Pakistan committed to promote regional peace, stability: Kh Asif

The Defence Minister highlights that Pakistan attaches great importance to its bilateral relations with France.

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Islamabad: Minister for Defence and Defence Production Khawaja Muhammad Asif on Monday said Pakistan is committed to stability and peace in the region.

He was talking to Ambassador of France to Pakistan Nicolas Galey who called on him in Islamabad today.

The Defence Minister highlighted that Pakistan attaches great importance to its bilateral relations with France.

He emphasized on enhanced collaboration between Armed Forces of two countries.

The Minister expressed that Pak-France bilateral relations are based on principles of mutual respect.

Defense Minister reiterated Pakistan's commitment to address global challenges of terrorism and extremism.

The visiting dignitary appreciated Pakistan's role in regional stability and ensured to play his role for further improvement in diplomatic cooperation with Pakistan at all levels.

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Pakistan

PM vows to work closely with Italy to cement bilateral ties

Welcoming the Ambassador, Prime Minister Shehbaz Sharif says Pakistan deeply valued its multifaceted relations with Italy spanning over many decades, which had always been marked by goodwill and trust.

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Islamabad: Prime Minister Shehbaz Sharif on Monday reiterated commitment to work closely with Italy to further cement bilateral ties in the days ahead.

He was talking to the Ambassador of Italy Marilina Armellin who paid a courtesy call on him in Islamabad today.

Welcoming the Ambassador, the Prime Minister said Pakistan deeply valued its multifaceted relations with Italy spanning over many decades, which had always been marked by goodwill and trust.

He added that the two sides also shared similar views on a number of important regional and global issues.

Emphasizing the importance of high-level exchanges, the Prime Minister extended a cordial invitation to Prime Minister of Italy Giorgia Meloni to undertake an official visit to Pakistan.

He conveyed his appreciation for Prime Minister Meloni's policies at home and abroad that had made Italy an important member of the EU.

Expressing satisfaction over the positive trajectory of Pakistan-Italy bilateral relations, the Prime Minister urged the two sides to enhance cooperation in the fields of education, trade and investment, legal migration, as well as cultural exchanges.

He thanked Italy for hosting a large population of Pakistani diaspora who were acting as a bridge between both countries while also contributing to their economic growth.

The Ambassador thanked the Prime Minister for receiving her and assured him that Italy is keen to further enhance its ties with Pakistan.

The Ambassador said she would strive to promote stronger relations between the two countries.

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