Investors’ protection govt’s top priority: Interior Minister

LAHORE: Interior Minister Mohsin Naqvi says Pakistan is a safe country for investment and investors’ protection is government’s top priority.

Talking to a delegation of foreign investment companies in Lahore on Sunday, Mohsin Naqvi said government has taken all possible measures for the safety of investments.

He said strict notice has been taken regarding attacks by some miscreants and legal action is being taken against the culprits. He said a future strategy has been devised to stop such incidents again.

During the meeting, measures taken for protection of investors and safety of investments were discussed in detail.

Meanwhile, Finance Minister Muhammad Aurangzeb has emphasized the importance of climate resilience, attracting foreign investment, and promoting economic diversification.

During a series of engagements on the sidelines of the 2025 WBG/IMF Spring Meetings in Washington, he highlighted climate change as an existential threat to Pakistan, recalling the devastating 2022 floods.

According to press release issued by finance ministry, at the high-level dialogue of the Fund for Responding to Loss and Damage (FRLD), he stressed the urgent need to operationalize the Loss and Damage Fund with simplicity, agility, and robust accountability mechanisms, urging faster disbursements to vulnerable nations.

In a meeting with Hiroshi Matano, Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA), Aurangzeb appreciated MIGA’s efforts in resolving the Star Hydropower dispute and pledged full support for a potential trade finance facility.

He welcomed MIGA’s upcoming mission to Pakistan and expressed hope for finalizing the deal this year.

The minister also held a productive meeting with Thomas Lersten, a Senior Official from the US State Department, thanking the US for its strong participation in the Minerals Conference in Pakistan.

He reiterated Pakistan’s desire for constructive engagement to address tariff issues for which a high-level trade and investment delegation was expected to visit the US.

During discussions with Makhtar Diop, Managing Director of the International Finance Corporation (IFC), the minister highlighted Pakistan’s strong macroeconomic indicators, including Fitch’s recent credit rating upgrade.

He urged expedited advisory work on Karachi airport and emphasized subnational governance capacity-building.

The finance minister also met with senior representatives of the United States Export-Import Bank, led by Jim Barrows and briefed them on Pakistan’s improving macroeconomic fundamentals and fiscal consolidation measures, highlighting the staff-level agreement with the IMF under the EFF and RSF.

Providing them with an update on the Reko Diq project, the Finance Minister called for enhanced EXIM Bank support for US investment in Pakistan, expressing a desire to resolve tariff issues.

In talks with JP Morgan Chase, the Finance Minister underscored Pakistan’s stable economic trajectory and plans to diversify markets.

He reiterated Pakistan’s intent to return to international capital markets through an inaugural Panda Bond issuance.

While speaking at an IMF panel discussion on “Navigating an Uncertain World,”

Aurangzeb emphasized the importance of promoting regional trade amidst global uncertainty.

He advocated for sector and market diversification and a shift from import substitution to export-led growth, identifying IT sector as a key driver.

Later, the finance minister met with Dev Jagadesan, Acting CEO of the US International Development Finance Corporation (DFC), to discuss project pipelines, including Reko Diq, and potential US-Pakistan cooperation.

The minister also met with Baroness Chapman, Minister of State for International Development of the United Kingdom and thanked her for the UK’s longstanding partnership with Pakistan.

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He briefed her on the World Bank’s 10-year Country Partnership Framework (CPF), focused on population and climate resilience.

He emphasized the role of technology in improving tax administration and appreciated REMIT’s initiative for mapping development assistance, the press release added.