Minister for Finance Senator Muhammad Aurangzeb, while welcoming the delegation of Visa CEMEA, has appreciated its continued engagement with Pakistan’s financial sector.
He was talking to a delegation of Visa led by Regional President for Central Europe, Middle East and Africa Tareq Muhmood, which called on him in Islamabad today.
The Finance Minister and the Visa delegation underscored the importance of maintaining close coordination between Visa, the Ministry of Finance, and relevant regulators to support Pakistan’s digital payments ecosystem and broader economic reform and growth agenda.
The discussion focused on Pakistan’s improving macroeconomic indicators, ongoing stabilization efforts, and the government’s priorities for achieving sustainable and inclusive economic growth.
Speaking on the occasion, Senator Muhammad Aurangzeb briefed the delegation on progress made under the IMF-supported program, external validation from international credit rating agencies, and the government’s reform agenda covering taxation, energy, state-owned enterprises, public debt management, and privatization, including recent steps taken to accelerate the privatization process.
Both sides exchanged views on the acceleration of Pakistan’s digital transformation, with particular emphasis on digital infrastructure, payment systems, and the digitization of government payments.
The Visa delegation shared insights from their engagement with banks, fintechs, and other stakeholders in Pakistan, noting the strong confidence driven by macroeconomic stabilization and growing interest in expanding digital payments, financial inclusion, and innovation.
The Visa delegation also emphasized the value of maintaining optionality and competition across payment channels to foster innovation, manage risk, and deliver better outcomes for consumers and merchants.
Both sides reaffirmed their commitment to continued collaboration, including technical engagement and knowledge-sharing on government payments digitization and financial inclusion initiatives.
