Pakistan’s Federal Minister for Finance, Senator Muhammad Aurangzeb, met with Mikko Keto, the Global CEO of FLSmidth, to discuss potential investment opportunities in Pakistan’s mining and cement sectors. FLSmidth, a leading provider of engineering solutions and equipment for these industries, is eyeing further expansion in the region.
The meeting, which was also attended by Denmark’s Ambassador to Pakistan, Jakob Linulf, along with senior officials from FLSmidth and Pakistan’s Finance Division, was focused on Pakistan’s shift towards an export-led growth model. The Finance Minister emphasized the government’s commitment to driving sustainable economic development by implementing reforms in critical sectors, including energy, power, and taxation.
During the meeting, Aurangzeb highlighted the government’s ongoing efforts to privatize state-owned enterprises and restructure the tax and public expenditure systems. These reforms, aimed at fostering private sector-led growth, are part of a broader agenda to create a business-friendly environment that facilitates foreign investments.
“We are determined to pursue our change agenda despite resistance from some who favor the status quo. The private sector must lead the way in economic growth, and our role as the government is to ensure maximum facilitation,” said Aurangzeb. He further emphasized the need for international partnerships and private sector involvement to achieve long-term economic stability.
FLSmidth’s CEO, Mikko Keto, expressed his appreciation for the support offered by the Government of Pakistan. Keto shared insights into FLSmidth’s increasing investments in Pakistan’s mining sector, which have led to significant local value addition, increased taxation contributions, and the creation of employment opportunities for Pakistani workers.
“We have a comprehensive understanding of Pakistan’s mining potential and are keen to explore further investment opportunities through local partnerships and collaborations,” Keto stated. He highlighted FLSmidth’s commitment to enhancing local infrastructure and working closely with stakeholders to ensure mutual growth.
The meeting concluded with the Finance Minister assuring FLSmidth of Pakistan’s dedication to providing a favorable investment climate for foreign investors. Aurangzeb reiterated the government’s commitment to working with global partners to unlock Pakistan’s mining potential and to promote industrial growth across various sectors.
With FLSmidth’s strong interest in expanding its operations, the meeting marks another step in strengthening Pakistan’s foreign investment landscape, particularly in high-growth industries such as mining and cement.