NEW YORK, (TDI): Prime Minister Shehbaz Sharif met with a delegation of prominent Pakistani-American bankers during the 79th UN General Assembly.
The delegation included high-ranking representatives from esteemed banks such as JP Morgan, Natixis Corps & Investments, Sumitomo Mitsui Banking Corp, Goldman Sachs, Citizens Bank, Lazard, and Audax Group.
During the meeting, the Prime Minister outlined key initiatives taken by the government to stabilize the economy and attract foreign investment in Pakistan.
These initiatives include broadening the tax base, enhancing the ease of doing business, and implementing reforms in state-owned enterprises.
He said that these efforts have led to improved economic indicators and an upgrade in Pakistan’s credit rating by international agencies, including Fitch and Moody’s.
He also discussed the establishment of a Sustainable Finance Framework, which will enable the government to issue green and sustainability bonds in international capital markets.
The delegation expressed gratitude to the Prime Minister for the opportunity to engage with him and praised the government’s policies that have contributed to macroeconomic stability in Pakistan.
They showed a keen interest in collaborating with the government to develop the manufacturing sector, particularly small and medium-sized enterprises (SMEs), to bolster exports.
The Prime Minister extended an invitation to American banks to invest in key sectors such as infrastructure, energy, technology, and agriculture, assuring them of the government’s commitment to maintaining a stable macroeconomic environment to facilitate foreign investment.
Prime Minister Shehbaz Sharif who is on his official five-day visit to United States to address the the 79th Session of the United Nations General Assembly in New York has so far met with several world key leaders.
He has so far met with Turkish President Recep Tayyip Erdogan, UK Priem Minister Keir Starmer, Iranian President Dr. Masoud Pezeshkian, Chief Adviser of the Interim Government of Bangladesh Professor Muhammad Yunus.
He also met Crown Prince of the State of Kuwait Sheikh Sabah Al-Khaled Al-Hamad Al-Mubarak Al-Sabah, Maldives President Dr. Mohamed Muizzu, and European Commission President Ursula Von Der Leyen on the sidelines of the 79th Session of the United Nations General Assembly in New York.
