PM Shehbaz Invites American Banks for Investment in Key Sectors

News Desk 

New York: Prime Minister Shehbaz Sharif on Friday extended an invitation to American banks to invest in Pakistan’s key sectors, including infrastructure, energy, technology, and agriculture, while assuring them of the government’s commitment to maintaining a stable macro-economic environment to facilitate foreign investors.

The prime minister made these remarks during a meeting with a delegation of prominent Pakistani American bankers on the sidelines of the 79th UN General Assembly. 

The delegation included high-ranking representatives from prestigious financial institutions such as JP Morgan, Natixis Corps & Investments, Sumitomo Mitsui Banking Corp, Goldman Sachs, Citizens Bank, Lazard, and Audax Group.

PM Shehbaz briefed the delegation on the government’s key initiatives aimed at stabilizing the economy and attracting foreign investment. These measures include broadening the tax base, improving the ease of doing business, and implementing reforms in state-owned enterprises.

He highlighted that these efforts have led to improved economic indicators and the upgradation of Pakistan’s credit rating by international agencies like Fitch and Moody’s.

He also discussed the establishment of a Sustainable Finance Framework, which will enable the government to issue green and sustainability bonds in the international capital markets.

The delegation expressed gratitude for the opportunity to meet with the prime minister and praised the government’s policies that have contributed to Pakistan’s macroeconomic stability. They also showed keen interest in cooperating with the government, particularly in the development of the manufacturing sector and small and medium enterprises (SMEs), with the goal of boosting exports.