ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb emphasized the government’s dedication to fostering private sector-driven growth and creating a business-friendly environment during a meeting with Mikko Keto, the Global CEO of FLSmidth, in Islamabad today.
Aurangzeb outlined Pakistan’s strategic shift towards an export-led growth model designed to ensure sustainable economic development across various sectors. He also detailed ongoing government reforms, including efforts to revamp the energy and power sectors, privatize state-owned enterprises, and restructure the tax system and public expenditure.
The Finance Minister asserted that the private sector should take the lead in economic development, with the government’s role being to provide maximum facilitation.
Mikko Keto expressed gratitude for Pakistan’s support and shared insights into FLSmidth’s expanding operations in the country. He noted the company’s increased investment in Pakistan’s mining sector, which has resulted in greater local value addition, higher tax contributions, and new job opportunities for residents.
Keto emphasized FLSmidth’s deep understanding of Pakistan’s mining potential and expressed the company’s eagerness to explore further investment opportunities through local partnerships and collaborations.
Aurangzeb assured the delegation of Pakistan’s commitment to offering a favorable investment climate for foreign investors.
Both sides agreed on the importance of strengthening economic ties between Pakistan and Denmark, particularly in the mining and cement sectors.
