London (Web Desk): The British investors have expressed their keen interest in exploring promising investment opportunities in the financial and capital market of Pakistan, reflecting a growing mutual interest in expanding economic collaboration.
This commitment was shown during a meeting of senior leaders of London's capital and financial market with Caretaker Prime Minister Anwaar-ul-Haq Kakar in London on Monday, the Radio Pakistan reported.
The leaders of the notable investment firms who met the prime minister in London included Fidelity International Limited (FIL), Wellington Management, Ashmore, Jefferies International, Redwheel Capital, Switex Industrial SA, Oxford Frontier Capital, GuarantCo, JP Morgan, Kalrock Capital, and UBL UK.
PM Kakar informed the delegation about Pakistan's current economic landscape, highlighting government measures for external account improvement.
"The recent administrative actions strengthened the Pakistani rupee against the US dollar, fostering optimism for stability. He said positive indicators, including inflows from the World Bank (WB), Asian Development Bank (ADB), and friendly nations, contributed to reduced inflation, stabilized reserves, and revival of industrial growth.
Anwaar-ul-Haq Kakar spoke about the potential for foreign direct investment in Pakistan's key sectors and the positive impact of the Stand-By Arrangement with the Internationalal Monetary Fund (IMF), exceeding expectations and stabilizing the economy and currency.
He also highlighted economic improvements such as reduced inflation with expected sustained decline, and upcoming growth in agriculture and industry.
The premier mentioned improved trade after removal of restrictions on imports and fiscal measures for monetary support and medium-term inflation targets.
Furthermore, PM Kakar highlighted Pakistan's pro-investment efforts, introducing the Special Investment Facilitation Council (SIFC).
This initiative, led by the prime minister himself, streamlines investment processes, attracts investments in key sectors, and fosters long-term growth by simplifying the business landscape.
The British investors enquired about the continuity of the IMF programme in Pakistan and reform efforts from short to medium term.
PM Kakar assured them that Pakistan had expressed its commitment to the IMF programme by undertaking reforms committed with the IMF.
