Islamabad, 22 August 2024 (TDI): Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Thursday held a virtual meeting with Group CEO of Dubai Islamic Bank Dr. Adnan Chilwan to discuss Pakistan’s economic trajectory and explore potential avenues for increased investment in the country.
The meeting was attended by Minister of State Ali Parvez Malik, Secretary Finance, and other top officers from the Finance Division.
Senator Aurangzeb welcomed Dr. Chilwan and expressed gratitude for Dubai Islamic Bank’s engagement with financial sector of Pakistan.
He underlined government’s commitment to strengthening economic relations with international partners, especially in Islamic banking, and expressed optimism about future collaborations with Dubai Islamic Bank.
The minister provided an in-depth overview of Pakistan’s current economic scenario, stressing the progress made in stabilizing the economy and fostering a conducive environment for business and investment.
He underlined key initiatives taken by the government such as broadening the tax base, the digitalization of the Federal Board of Revenue (FBR), enhancing the ease of doing business, and ongoing reforms and restructuring in state-owned enterprises (SOEs) and privatization.
Dr. Adnan Chilwan expressed his appreciation for Islamabad’s economic policies and initiatives, and stressed that Pakistan remains a strategically important market for Dubai Islamic Bank.
Dr. Chilwan reiterated the bank’s interest in playing a larger role in Pakistan’s financial growth, especially in sectors such as Islamic banking, infrastructure, and SME development.
During the meeting, while exploring the potential areas for investment in Pakistan, Aurangzeb invited the Dubai Islamic Bank to enhance its investment in Pakistan and reaffirmed the government’s dedication to maintaining a stable macroeconomic environment and ensuring that all required measures are in place to facilitate foreign investment.
Pakistan, DIB Cooperation
The discussion highlighted the significance of strengthening economic cooperation between Pakistan and Dubai Islamic Bank.
The meeting reflected the mutual commitment of both parties to fostering sustainable economic development and further deepening financial relations between Pakistan and the UAE.
