Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb emphasized Pakistan's strategic shift towards an export-led growth model aimed at ensuring sustainable economic development across various sectors. He was speaking during a meeting with Mr. Mikko Keto, the Global CEO of FLSmidth, a leading global provider of engineering and equipment for the mining and cement industries. Ambassador of Denmark to Pakistan Mr. Jakob Linulf, senior officials from FLSmidth and the Finance Division attended the meeting. On the occasion, Senator Muhammad Aurangzeb also highlighted the government's ongoing efforts in the form of comprehensive reforms in the energy and power sectors, privatization of state-owned enterprises, and restructuring of the tax system and public expenditure. Underscoring the government's commitment to facilitate private sector-led growth, with the state focusing on creating a business-friendly environment, he said: “We are determined to pursue our change agenda despite resistance from those favoring the status quo. The private sector must lead the way, and our role is to ensure maximum facilitation.”

The Global CEO of FLSmidth, Mr. Mikko Keto expressed his appreciation for the support provided by the Government of Pakistan and shared insights into the company's growing presence in the country. He highlighted FLSmidth’s increased investment in Pakistan’s mining sector, which has led to enhanced local value addition, increased taxation contributions, and the creation of employment opportunities for locals. "We have a comprehensive understanding of the mining potential in Pakistan, and we are keen to explore further investment opportunities through local partnerships and collaborations," stated Mr. Keto. The Finance Minister assured the delegation of Pakistan's dedication to providing a favorable and conducive investment climate for foreign investors. Both parties expressed a strong commitment to strengthening the economic ties between Pakistan and Denmark, particularly in the mining and cement industries, which hold significant potential for growth and development.

Credit: Independent News Pakistan