ISLAMABAD: Minister for Finance and Revenue Muhammad Aurangzeb has reaffirmed government’s strong commitment to macroeconomic stability, structural reforms and facilitation for investors.
During a meeting with a delegation of German investors and businessmen led by German Ambassador to Pakistan Ina Lepel in Islamabad, he outlined the government’s steady progress in restoring fiscal and external stability, achieving a stable currency and moderating inflation and securing renewed confidence from international financial institutions and credit rating agencies.
Muhammad Aurangzeb invited the German business community to explore the growing opportunities in Pakistan’s key sectors, especially technology, energy and manufacturing.
On the energy sector, the Finance Minister stressed the government’s commitment to sustainable reform and privatization aimed at reducing losses and improving recoveries.
He mentioned that 34 state-owned enterprises have been handed over to the Privatization Commission, with significant progress already achieved, including the recent successful acquisition of a state-owned entity by a UAE conglomerate. The privatization of Pakistan International Airlines (PIA) is progressing, with four large international conglomerates currently undertaking due diligence.
