Govt is encouraging investment opportunities stimulating economic activities

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Advisor to the Prime Minister on Finance and Revenue Shaukat Tarin has said that the government is encouraging investment opportunities and stimulating economic activities in Pakistan.

He said this while meeting with a delegation of Mutual Funds Association of Pakistan headed by its Chairman Dr. Ajmad Waheed, in the Finance Division.

Dr. Amjad Waheed presented an overview of the Mutual Fund industry in Pakistan and informed that Mutual Fund Association is working to promote and increase savings in the country with a diversified product range suiting all categories of investors. It is a potential fundraiser for government-development projects, he added.

He also apprised the Adviser about key impediments in the growth of capital markets/ Mutual Funds and sought the support of the Government to develop and flourish capital markets in the country.

Advisor to the PM on Finance and Revenue Shaukat Tarin highlighting the importance of the capital market said that the present government is determined to uplift the living standards of all segments of the society.

Relevant Read: Govt supports foreign investment into country: Tarin

Therefore, the government is encouraging investment opportunities and stimulating economic activities in Pakistan. He emphasized creating awareness and increasing outreach of the mutual fund market to mobilize savings and investment in the country.

The delegation thanked Adviser Finance for extending unstinting support to the mutual fund market.

Earlier, Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin held a meeting with a delegation of Citibank Pakistan led by its President and Country Officer for Pakistan Ahmed Bozai.

Introducing his team, Ahmed Bozai briefed on the overall financial side of Citibank and outlined areas to work out an arrangement in a collaborative manner with the government relating to financial expertise in imports and exports. Different proposals were also discussed in the meeting for securing investment, commodity hedging for budget certainty and debt management.

Adviser to the Prime Minister on Finance and Revenue appreciated the contribution of Citibank in strengthening the business and economic activities of Pakistan and highlighted various reforms of the government for social and economic uplift of the masses.

Considering the proposals and programs of Citibank for enhancement of economic and financial activities in Pakistan, the Adviser stressed for possibilities of increased business collaboration in the fields of oil, gas, palm oil and other commodities.

 In his concluding remarks, the Adviser reaffirmed government’s full support and facilitation to investors and business community.

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