ISLAMABAD: A high-level delegation from Acumen, led by Founder and Chief Executive Officer Ms. Jacqueline Novogratz, met Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb to discuss investment opportunities, climate resilience, and ongoing economic reforms in Pakistan. The delegation, comprising Acumen\u2019s Global Board members and international investors, included Mr. Poul Carsten Stendevad, President and Chief Investment Officer; Dr. Ayesha Khan, CEO Acumen Pakistan; and other senior executives. Welcoming the delegation, Finance Minister Muhammad Aurangzeb appreciated Acumen\u2019s engagement in agriculture and climate resilience. ONLINE
\nHe briefed them on Pakistan\u2019s macroeconomic stability, structural reforms in taxation and energy, and the government\u2019s target to raise the tax-to-GDP ratio to 11 percent through AI-driven digital integration.
\nThe Minister highlighted measures to improve the investment climate, lower energy and financing costs, and promote public\u2013private partnerships. He cited recent international visits to China, Saudi Arabia, and the United States, where strategic partners reaffirmed support for Pakistan\u2019s economic growth.
\nHe noted the signing of 24 new joint ventures in China and provided updates on State-Owned Enterprise reforms, including the final-stage privatization of PIA, outsourcing of Islamabad International Airport, and upcoming privatization of power distribution companies.
\nAurangzeb reaffirmed the government\u2019s commitment to an export-led growth model and responsible fiscal management, while encouraging private sector leadership in driving economic expansion. He shared plans to issue Pakistan\u2019s first Panda Bond and to access global financial markets, alongside efforts to digitize all government payments by fiscal year-end.
\nDiscussing existential challenges, the Minister emphasized climate change and population growth, calling for decarbonization, child nutrition, girls\u2019 education, and poverty reduction under Pakistan\u2019s Country Partnership Framework with the World Bank.
\nHe also highlighted the clearance of foreign profit repatriation backlogs and successful $500 million Eurobond repayment as signs of restored macroeconomic confidence.
\nMs. Jacqueline Novogratz reaffirmed Acumen\u2019s long-term commitment to Pakistan, praising its young talent and entrepreneurial potential. She emphasized continued investment in climate-smart agriculture, energy, and poverty reduction, noting progress on the $90 million Agriculture Resilience Fund focused on sustainable agriculture and climate adaptation.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD: A high-level delegation from Acumen, led by Founder and Chief Executive Officer Ms. Jacqueline Novogratz, met Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb to discuss investment opportunities, climate resilience, and ongoing economic reforms in Pakistan. The delegation, comprising Acumen\u2019s Global Board members and international investors, included Mr. Poul Carsten Stendevad, President and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-507350","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n