DAVOS: Pakistan’s Finance Minister Muhammad Aurangzeb has reaffirmed the country’s commitment to addressing poverty and climate challenges while pursuing sustainable economic growth.
Speaking at the World Economic Forum (WEF) during a high-level discussion on global debt challenges faced by developing economies, Aurangzeb highlighted Pakistan’s progress in reducing the debt-to-GDP ratio from 78% to 67% and outlined key initiatives for economic stability.
“Pakistan aims to address rising population, poverty, and environmental issues while pursuing sustainable economic growth,” he said.
The minister outlined Pakistan’s 10-year partnership program with the World Bank and shared initiatives to strengthen business-to-business collaboration during the second phase of the China-Pakistan Economic Corridor (CPEC).
“Chinese companies will be encouraged to relocate production units to Pakistan, potentially making it a hub for exports,” he added.
On the sidelines of the WEF meeting, the Finance Minister held a fruitful meeting with the President Gender Equality at the Bill and Melinda Gates Foundation Anita Zaidi.
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The discussions centred on joint efforts to enhance nutrition, healthcare, and polio eradication in Pakistan. The minister reaffirmed the government’s commitment to advancing these initiatives through a strengthened collaboration with the foundation.
Finance Minister on Wednesday also met with the Prime Minister of Malaysia, Anwar Ibrahim, and Bangladesh Interim Government’s Chief Advisor, Dr. Muhammad Yunus in Davos.
Discussions focused on enhancing bilateral cooperation and boosting trade.