LONDON: Inflows from friendly nations as well as World Bank and the Asian Development Bank contributed to reducing inflation, stabilizing reserves and the revival of industrial growth in Pakistan, claimed caretaker Prime Minister Anwaar-ul-Haq Kakar.
He was speaking at a meeting with senior leaders of London’s capital and financial market here today. The British investors expressed their keen interest in exploring promising investment opportunities in the financial and capital market of Pakistan.
The notable investment firms represented at the gathering included Fidelity International Limited, Wellington Management, Ashmore, Jefferies International, Redwheel Capital, Switex Industrial SA, Oxford Frontier Capital, GuarantCo, JP Morgan, Kalrock Capital, and UBL UK.
Mr Kakar told the briefed the meeting about Pakistan’s current economic landscape, highlighting government measures for external account improvement. He said recent administrative actions strengthened the Pakistani rupee against the US dollar, fostering optimism for stability.
He spoke about the potential for foreign direct investment in Pakistan’s key sectors and the positive impact of the standby arrangement with the IMF.
The British investors asked about the continuity of the IMF program in Pakistan and reform efforts from short to medium term. The Prime Minister assured them that Pakistan had expressed its commitment to the IMF program by undertaking reforms committed with the IMF.
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