According to an official statement, Aurangzeb highlighted Pakistan’s progress in achieving financial stability, increasing foreign exchange reserves, improving its sovereign credit rating and regaining access to international capital markets.
He emphasised the importance of export-led growth, tax and tariff reforms, increasing IT exports and improving the skills of freelancers.
The finance minister appreciated British support through the Remit initiative and cooperation under the Reforms for Growth programme. He also welcomed the growing investment opportunities in Pakistan being explored by British International Investment.
The meeting also covered privatisation, outsourcing the management of airports and expanding cooperation in the aviation sector. The two sides discussed potential collaboration with Airbus and Rolls-Royce.
According to the statement, both sides explored opportunities to promote solar energy, develop battery storage, strengthen electricity transmission infrastructure and secure British technical assistance for the energy transition.
The two sides also agreed on the importance of improving access to climate finance and developing projects capable of attracting investment. Aurangzeb additionally highlighted the significance of disaster preparedness and the Bridge Initiative.