Minister calls global investment in key sectors

January 22, 2025 (MLN): Global stakeholders have been invited to invest in Pakistan's agriculture, IT, renewable energy, and pharma sectors by Finance Minister Muhammad Aurangzeb.

In an article published on the World Economic Forum (WEF) website, he emphasized Pakistan's transformative journey in recent years towards achieving economic stabilization and growth.

He stated that Pakistan's economy is on a recovery path, with inflation dropping to 4.1% and foreign exchange reserves now covering over two months of imports.

Muhammad Aurangzeb also highlighted a 7.1% increase in exports and an impressive 28% year-on-year growth in the IT sector, according to the press release.

The article noted that Pakistan's global default risk has decreased by 93%, reflecting renewed confidence in the country's fiscal stability.

Emphasizing Pakistan's potential as a promising investment hub, the Minister pointed out that both local and foreign investors, including global giants like Aramco, BYD, and Samsung, are playing a key role in the economic revival.

He said the current account has been in surplus for three consecutive months, and investor confidence is at a two-year high.

He said foreign direct investment surged by 20% in the first half of the current fiscal year, reflecting renewed trust in Pakistan's economic trajectory.

The Minister highlighted that initiatives such as the Roshan Digital Account have attracted over nine billion dollars in inflows, while remittances reached a record high of 35 billion dollars this year.

He also noted that Pakistan's equity market delivered an 87% return in dollar terms, reflecting robust investor confidence.

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