Pakistan’s Federal Minister for Finance and Revenue, Muhammad Aurangzeb, recently held a strategic meeting with the leadership of Pak-Kuwait Investment Company (PKIC) to discuss the future direction of the joint venture and its contributions to Pakistan’s economy. The meeting, aimed at strengthening the collaboration between the two nations, was focused on leveraging PKIC’s expertise to accelerate growth across vital sectors in Pakistan.
During the meeting, the Finance Minister praised PKIC for its significant contributions to Pakistan’s economy, particularly highlighting the company’s role in integrating Islamic finance into its operational framework. He emphasized that PKIC’s approach aligns perfectly with Pakistan’s long-term development goals, promoting ethical and sustainable growth across industries. Aurangzeb commended PKIC’s proactive stance in deploying Islamic finance structures, especially in the real estate and infrastructure sectors, ensuring that projects remain Sharia-compliant and attract a wider range of investors.
Saad ur Rehman Khan, Managing Director of PKIC, provided an in-depth overview of the company’s current portfolio. He highlighted PKIC’s initiatives in supporting small and medium-sized enterprises (SMEs) in Pakistan and emphasized the company’s growing influence in the real estate sector. PKIC’s investment in infrastructure projects has played a pivotal role in addressing Pakistan’s development needs, ensuring adherence to Islamic finance principles while simultaneously fostering long-term growth.
The meeting concluded with both sides reaffirming their commitment to enhancing joint ventures and further expanding PKIC’s role in supporting Pakistan’s economic growth. Also in attendance were the Finance Secretary and other senior officials from the Finance Division.