PIA privatisation major development, Pakistan moving towards sustainable growth: Aurangzeb

Federal Minister for Finance Muhammad Aurangzeb has said that the privatisation of Pakistan International Airlines (PIA) is a major development as the country moves towards economic stability and sustainable growth.

Talking to the media on the sidelines of the World Economic Forum in Davos, the finance minister said that economic stability has returned to Pakistan and the government is now focused on ensuring long-term and sustainable economic growth.

He said the World Economic Forum provides an important platform where heads of state, policymakers, and global business leaders come together, adding that Pakistan is ready to offer equal business opportunities to both local and international investors.

Muhammad Aurangzeb stressed that foreign investment cannot come unless local investors step forward, noting that investor confidence within the country is essential for attracting international capital.

The finance minister also said that the public and private sectors participate together at the forum, which helps strengthen economic cooperation. He confirmed that he met with the Saudi Minister of Finance on the sidelines of the forum.

He further said that the Prime Minister is holding meetings with global investors to promote Pakistan’s economic potential and attract investment.