Prime Minister Shehbaz Sharif Encourages U.S. Banks to Invest in Pakistan’s Growth Sectors

Prime Minister Shehbaz Sharif extended an invitation to American banks to invest in critical sectors such as infrastructure, energy, technology, and agriculture during a meeting with a delegation of Pakistani American bankers at the 79th United Nations General Assembly.

The delegation included top executives from well-known financial institutions, including JP Morgan, Natixis Corps & Investments, Sumitomo Mitsui Banking Corp, Goldman Sachs, Citizens Bank, Lazard, and Audax Group.

In his address, Prime Minister Sharif highlighted the government’s commitment to fostering a stable macro-economic environment conducive to foreign investment. He shared the key initiatives undertaken to stabilize Pakistan’s economy, such as broadening the tax base, improving the ease of doing business, and implementing reforms within state-owned enterprises.

These efforts, he noted, have led to positive shifts in economic indicators and a boost in Pakistan’s credit rating by reputable international agencies like Fitch and Moody’s. The Prime Minister also discussed the establishment of a Sustainable Finance Framework, which paves the way for the issuance of green and sustainability bonds in international capital markets.

The delegation expressed gratitude to the Prime Minister for the opportunity to engage directly and commended the government’s policies that have contributed to achieving macroeconomic stability. They conveyed a keen interest in collaborating with the government to enhance the manufacturing sector, particularly focusing on small and medium-sized enterprises (SMEs) to strengthen exports.