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Ensuring Sustainable Economic Development: Finance Minister Agrees to Promote Growth Driven by the Private Sector

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3 months ago

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The government’s dedication to supporting growth driven by the private sector, with an emphasis on fostering an environment that is conducive to business, has been emphasized by Finance Minister Muhammad Aurangzeb.

He was speaking with FLsmidth’s global CEO, Mikko Keto, who had paid him a visit in Islamabad.

The Finance Minister stressed Pakistan’s strategic transition to an export-led growth model at the conference in order to guarantee long-term economic prosperity in a number of areas.

He also outlined the continued initiatives of the government, which include the privatization of State-Owned Enterprises, extensive reforms to the Energy and Power Sectors, and changes to the tax code and public spending.

As stated by Muhammad Aurangzeb, our job is to guarantee that as much facilitation as possible is provided by the private sector.

Mikko Keto said thanks to Pakistan for its support and gave an update on the company’s expanding footprint in the nation.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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11 hours ago

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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Business

SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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11 hours ago

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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11 hours ago

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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