Finance Minister Muhammad Aurangzeb has reaffirmed that the government is keen on introducing policy measures that will streamline investment processes and provide incentives for foreign investors.
He was chairing a review meeting with representatives from Joint Venture Investment Companies, including Pak-Brunei Investment Company Limited and Saudi-Pak Industrial and Agricultural Investment Company in Islamabad today.
Muhammad Aurangzeb also expressed government’s unwavering commitment to creating an enabling environment for private sector investment, recognizing the critical role that joint venture companies like Pak-Brunei Investment Company Limited and Saudi-Pak Industrial and Agricultural Investment Company can play in driving economic growth. He underscored the importance of these ventures in attracting foreign direct investment.
CEO Pak-Brunei Investment Company Limited gave a brief overview about the portfolio of the company and its major initiatives in Pakistan. The role of Pak-Brunei Investment Company Limited in promoting economic cooperation between Pakistan and Brunei by facilitating investments in Industry and Agricultural sectors, through financial services, real estate, and SME’s support was highlighted.
Similarly, CEO Saudi-Pak Industrial and Agricultural Investment Company also gave a presentation about the major development initiatives of the company in the country for promoting Islamic finance, food security, digital finance, trade, and agriculture and livestock.
The meeting also discussed various aspects of the operations of these companies, including investment strategies, performance metrics, and key impediments affecting their growth. Both companies presented their achievements and challenges, highlighting areas that require policy support to overcome obstacles in their operational landscape. The discussion also focused on potential areas for future investments and collaborations through more Government-to-Government initiatives in order to support priority sectors.
The Finance Minister appreciated both companies and specifically applauded the implementation strategies of Saudi Arabia’s Vision 2030 for achieving their targets within a few years, and stressed that Pakistan is keen on learning those strategies.
