Minister for Finance and Revenue Senator Muhammad Aurangzeb has urged Japanese investors to explore investment opportunities in Pakistan, particularly in manufacturing and production.
He was talking to Japanese Ambassador to Pakistan Akamatsu Shuichi who called on him in Islamabad on Thursday.
During the meeting, both sides discussed ongoing economic reforms, bilateral relations, and opportunities for deeper economic cooperation.
Minister for Finance and Revenue Senator Muhammad Aurangzeb highlighted the positive momentum in Pakistan's macroeconomic stability, which he attributed to key reforms and structural adjustments across various sectors, including fiscal framework, taxation, Special Economic Zones (SEZs), energy, rightsizing of the federal government, and privatization efforts.
He emphasized that the government remains committed to continuing its reform agenda, focusing on critical issues such as population growth and climate change vulnerability.
He noted the importance of the 10-year Country Partnership Framework signed with the World Bank, aimed at addressing these challenges and fostering sustainable, inclusive economic growth.
The Minister reaffirmed Pakistan's commitment to maintaining the trust and credibility of its bilateral and multilateral development partners, including Japan.
On this occasion, Ambassador Akamatsu Shuichi expressed his appreciation for the progress made in Pakistan's macroeconomic stability and the government's reform efforts.
He provided an update on the scope of ongoing Japanese investment in Pakistan, noting that around 80 Japanese companies currently operate in the country, employing over 65,000 local workers, and significantly contributing to the Pakistani economy.