Prime Minister Shehbaz Sharif on Friday invited American banks to invest in Pakistan’s key sectors, such as infrastructure, energy, technology, and agriculture, while ensuring the government’s commitment to maintaining a stable macroeconomic environment to facilitate foreign investors.
The prime minister’s statement came during the sidelines of the 79th UN General Assembly in New York, where he met with a delegation of prominent Pakistani American bankers, including representatives from JP Morgan, Natixis Corps & Investments, Sumitomo Mitsui Banking Corp, Goldman Sachs, Citizens Bank, Lazard, and Audax Group.
He told the delegation about the government’s key initiatives to stabilise the economy and attract foreign investment which include broadening the tax base, enhancing the ease of doing business, and ongoing reforms in the state-owned enterprises.
These steps improved economic indicators and upgraded Pakistan’s credit rating by international rating agencies, including Fitch and Moody’s.
The PM emphasised on establishing a Sustainable Finance Framework, which will allow the government to carry out a green sustainability bond issuance in international capital markets.
The delegation praised the government’s policies that helped achieve macroeconomic stability in Pakistan and expressed interest in cooperating with the government for the development of the manufacturing sector, especially SMEs to help bolster the exports.
