Pleased to be part of this important dialogue on Pakistan’s economic outlook and government's strategic agenda. Grateful to Senator Muhammad Aurangzeb and the Ministry of Finance team for the constructive engagement. We at @DeutscheBank look forward to building on this dialogue.
Finance Minister Meets Deutsche Bank's Regional CEO, Discusses Deepening Institutional Engagement with Pakistan
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with Mr. Jamal Al Kishi, Regional CEO, Middle East & Africa, Deutsche Bank, accompanied by Ali Haider Zaidi, Country Manager Pakistan, to discuss Pakistan’s economic outlook, investment opportunities and avenues for greater engagement by Deutsche Bank.
The Finance Minister briefed the participants on Pakistan’s recent economic progress and the Government’s efforts to institutionalize structural reforms and establish a sustainable, export-led growth trajectory. He highlighted improvements in the country’s fiscal position, external account and overall macroeconomic stability, as well as positive validation from international rating agencies and partners. He noted that the improvement in Pakistan’s credit profile was an important milestone and that the Government remained focused on further strengthening the country’s standing in international markets.
Mr. Jamal Al Kishi congratulated the Finance Minister and his team on the progress achieved over the past two years, particularly in fiscal consolidation, balance of payments, exports and remittances. He appreciated the improvements and expressed confidence that these developments provided a strong foundation for more sustainable and well-grounded economic progress.
On external financing, Senator Muhammad Aurangzeb outlined Pakistan’s medium-term strategy, including efforts to manage and diversify the composition of the country’s external debt and deepen engagement with international capital markets and financial institutions. He highlighted the fiscal space created through ongoing reforms and stressed the importance of expanding access to diversified sources of external financing.
The Finance Minister highlighted opportunities to attract greater investment from international as well as regional, particularly Saudi-based companies, specifically in infrastructure, energy, oil and gas, utilities, mining and minerals, technology and blockchain, and other productive sectors. He underscored the importance of strengthening private-sector participation and facilitating greater engagement by Saudi-based multinational companies interested in exploring opportunities in Pakistan.
Mr. Al Kishi reaffirmed Deutsche Bank’s long-term commitment to Pakistan and expressed interest in broadening the Bank’s product offering and coverage across corporate banking and investment banking. He noted the Bank’s interest in developing a broader appetite for Pakistani exposure and further strengthening its presence in the country. He also highlighted opportunities to support greater engagement with MENA region, particularly Saudi-based companies, and explore investment and financing opportunities across key sectors.
The Finance Minister welcomed Deutsche Bank’s continued engagement and appreciated its support for Pakistan. He emphasized the importance of sustained collaboration with international financial institutions and private-sector partners to mobilize investment, deepen financial markets and support Pakistan’s long-term economic growth.
Finance Minister Meets Deutsche Bank's Regional CEO, Discusses Deepening Institutional Engagement with Pakistan
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with Mr. Jamal Al Kishi, Regional CEO, Middle East & Africa, Deutsche Bank, accompanied by Ali Haider Zaidi, Country Manager Pakistan, to discuss Pakistan’s economic outlook, investment opportunities and avenues for greater engagement by Deutsche Bank.
The Finance Minister briefed the participants on Pakistan’s recent economic progress and the Government’s efforts to institutionalize structural reforms and establish a sustainable, export-led growth trajectory. He highlighted improvements in the country’s fiscal position, external account and overall macroeconomic stability, as well as positive validation from international rating agencies and partners. He noted that the improvement in Pakistan’s credit profile was an important milestone and that the Government remained focused on further strengthening the country’s standing in international markets.
Mr. Jamal Al Kishi congratulated the Finance Minister and his team on the progress achieved over the past two years, particularly in fiscal consolidation, balance of payments, exports and remittances. He appreciated the improvements and expressed confidence that these developments provided a strong foundation for more sustainable and well-grounded economic progress.
On external financing, Senator Muhammad Aurangzeb outlined Pakistan’s medium-term strategy, including efforts to manage and diversify the composition of the country’s external debt and deepen engagement with international capital markets and financial institutions. He highlighted the fiscal space created through ongoing reforms and stressed the importance of expanding access to diversified sources of external financing.
The Finance Minister highlighted opportunities to attract greater investment from international as well as regional, particularly Saudi-based companies, specifically in infrastructure, energy, oil and gas, utilities, mining and minerals, technology and blockchain, and other productive sectors. He underscored the importance of strengthening private-sector participation and facilitating greater engagement by Saudi-based multinational companies interested in exploring opportunities in Pakistan.
Mr. Al Kishi reaffirmed Deutsche Bank’s long-term commitment to Pakistan and expressed interest in broadening the Bank’s product offering and coverage across corporate banking and investment banking. He noted the Bank’s interest in developing a broader appetite for Pakistani exposure and further strengthening its presence in the country. He also highlighted opportunities to support greater engagement with MENA region, particularly Saudi-based companies, and explore investment and financing opportunities across key sectors.
The Finance Minister welcomed Deutsche Bank’s continued engagement and appreciated its support for Pakistan. He emphasized the importance of sustained collaboration with international financial institutions and private-sector partners to mobilize investment, deepen financial markets and support Pakistan’s long-term economic growth.
Choices after the disastrous budget
1- Leave Pakistan, if you have choice
2- Take salary in cash
3- Don’t fully disclose all assets in returns.These will eventually be taxed again even if you have built those by paying all taxes
4- Never come in the tax net, if you are still outside the net.
5- Try to join any of the powerful groups that got income tax exemptions today.
If you cannot do 1 to 5, then your home take salary after payment of 50% income tax, 18% sales tax, FED will be just Rs25 out of Re100. @CMShehbaz@imf_pakistan
Excessive taxation stifles growth and burdens hardworking salaried citizens . It's time to demand fair tax policies that support prosperity and justice for all. #TaxReform#FairTaxes#Economicjustice@CMShehbaz
I went to school and college with #ReleaseOmarNawazAwan. He is well educated and a gentle soul. I may not be on the same page with his personal politics, but people should not be picked up, disappeared, for having an opinion or being anyone’s relative.
Ad hoc measures to get IMF program back on track, which only burden the ordinary citizens and existing taxpayers won’t work & can’t be supported. Time has come to tax the trading and real estate earnings, end undocumented cash economy, privatise SOEs, cut down Gov size.
یہ کہاں آ گئے ہم۔۔۔۔۔
The Queen of Melody is no more... Simple woman in a simple attire. Lata Mangeshkar had an immaculate voice with an ability to sing countless variations. Impression and impact of her music on people like me and our generation is indelible.
#riplatamangeshkar
The King of Comedy, The Legend left everyone aggrieved. People of my generation know when there was hardly anything entertaining on TV there was Umar Sharif with full of creativity and entertainment. Evergreen talent. RIP Umar Sharif! You will always be missed.
#umarsharif
While we must condemn these brutal Jews attacking Palestinians and our sacred mosque in Jerusalem, the sectarian Muslim extremists killing 85 innocent girl students in Kabul blast is getting lesser attention. Why?
#KabulSchoolAttack