Pakistan showcases economic turnaround

The embassy of Pakistan in Washington DC hosted an economic dialogue on the sidelines of the IMF and World Bank Spring Meetings, bringing together Pakistan's economic leadership, global financial institutions, and corporate representatives from the US. The event showcased Pakistan's remarkable economic turnaround and its potential as a global investment destination.

Finance Minister Muhammad Aurangzeb, in his address, emphasised the pivotal role of the private sector in driving Pakistan's economic future, stating that the government's role was to provide policy frameworks and ensure continuity. He described the shift as a "mindset and societal change," likening it to the transformative impact of artificial intelligence. He responded to questions related to the ease of doing business and reiterated the commitment to reforms.

The finance minister identified population growth and climate change as two major challenges and called for private sector collaboration in different projects by leveraging the available financing and technical expertise. He reaffirmed the PM's vision of running Pakistan as "Pakistan Inc" with the government acting as public servants to facilitate investors.

Ambassador Rizwan Saeed Sheikh highlighted Pakistan's geostrategic and geo-economic significance as a market of 250 million people and a gateway to Central Asia, China, the GCC, and Afro-Asian regions.