Pakistan engages ADB, Menzies Aviation to boost growth, privatization

January 21, 2026 (MLN): Pakistan reviewed its ongoing economic reforms and privatization initiatives with the Asian Development Bank (ADB) during the World Economic Forum (WEF) Annual Meeting in Davos.

High-level discussions also explored investment opportunities in the aviation sector with global firm Menzies Aviation, focused on attracting investment and promoting private sector participation.

During a meeting with ADB President Masato Kanda, Pakistan’s economic trajectory and ongoing reforms were assessed to strengthen cooperation and support sustainable growth.

Discussions highlighted improvements in macroeconomic stability, including easing inflation, declining policy rates, strengthening foreign exchange reserves, and rising investor confidence, according to the press release. 

The Finance Minister briefed the ADB leadership on structural reforms, particularly privatization initiatives and enhanced private sector participation across multiple sectors, noting that recent projects had generated strong market interest and benchmarks for future investments.

The talks also addressed modernization of Pakistan’s energy sector and sustainable energy solutions, with both sides agreeing to maintain close coordination to identify practical measures that support inclusive and durable growth.

ADB reaffirmed its commitment to Pakistan and emphasized the importance of timely and effective delivery of development outcomes.

The Finance Minister also met with Hassan El Houry, Chairperson of Menzies Aviation, to discuss opportunities in Pakistan’s aviation sector.

Key areas of discussion included improving airport operations and services in Islamabad, Karachi, and Lahore, advancing operational efficiency, and leveraging privatization plans for Pakistan International Airlines.

Hassan El Houry highlighted Pakistan’s strategic potential, particularly Sialkot, for aviation and logistics investments, and expressed interest in expanding Menzies Aviation’s engagement in the country.

The meetings concluded with a mutual commitment to strengthen cooperation, deepen partnerships, and advance investment-led growth.

These engagements are aligned with Pakistan’s broader reform agenda, targeting macroeconomic stability, infrastructure development, private sector participation, and long-term sustainable growth.

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