AVN Report
ISLAMABAD: The government is keen to reengage with Mashreq Bank, as there is a strong investment potential in Pakistan’s IT and agriculture sectors, especially for international investors.
Finance Minister Muhammad Aurangzeb expressed these views during a recent virtual meeting with Ahmed Abdelaal, President and Group CEO of Mashreq Bank, discussing economic prospects and investment opportunities in Pakistan.
Mr Abdelaal has identified critical sectors for investment, including infrastructure, energy, technology, agriculture, and small and medium enterprises (SMEs), to strengthen trade, finance, and Islamic banking ties between Pakistan and the UAE.
Finance Minister Aurangzeb emphasized Pakistan’s potential in the IT and agriculture sectors, calling on both domestic and international investors to step up their efforts. He reaffirmed the government’s commitment to maintaining a stable business environment to facilitate increased investment.
The meeting highlighted the deepening partnership between Pakistan and Mashreq Bank, signaling the country’s dedication to prudent fiscal management and inclusive growth. Aurangzeb also provided an overview of recent economic improvements and government policies designed to boost investor confidence.
Welcoming these initiatives, the CEO expressed Mashreq Bank’s interest in expanding its presence in Pakistan’s financial sector.
The meeting, attended by Minister of State Ali Parvez Malik and senior officials from the Finance Division and the State Bank of Pakistan, was seen as a positive step toward enhancing economic cooperation.
