Finance minister says British Pakistanis remain a vital bridge for remittances, Roshan Digital Accounts, investment and broader economic cooperation.
ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb has highlighted the important role of the Pakistani diaspora in the United Kingdom in strengthening economic relations between Pakistan and Britain through remittances, investment, Roshan Digital Accounts and commercial engagement.
The remarks were made during a meeting in Islamabad on Thursday with Pakistan’s newly appointed High Commissioner to the United Kingdom, Tipu Usman, who called on the finance minister to discuss ways to deepen bilateral economic and financial cooperation.
According to a statement issued by the Ministry of Finance, Aurangzeb welcomed the High Commissioner on his new assignment and expressed confidence that his diplomatic experience would help advance Pakistan’s economic diplomacy agenda and strengthen engagement with the United Kingdom.
Focus on investment and financial cooperation
The discussions covered a broad range of economic issues, including expanding investment opportunities, enhancing cooperation in capital markets and financial services, increasing remittance flows and promoting stronger commercial ties between the two countries.
Aurangzeb briefed the High Commissioner on the government’s efforts to diversify financing sources, improve Pakistan’s access to international capital markets and strengthen the country’s financial architecture.
The meeting also reviewed opportunities for cooperation in digital finance, blockchain-based financial solutions, virtual assets and emerging financial instruments, including the tokenisation of assets, as part of Pakistan’s wider digital transformation strategy.
Capital markets and investor outreach
Both sides discussed avenues for collaboration in debt management and capital market development, including continued engagement with the United Kingdom Debt Management Office.
The High Commissioner informed the finance minister about prospects for engaging institutional investors and organising future investment roadshows in partnership with leading financial institutions in London.
Diaspora described as economic bridge
Aurangzeb said the Pakistani community in the UK continues to make a significant contribution to Pakistan’s economy through record remittance inflows, participation in the Roshan Digital Account initiative, investments and business activities.
He described overseas Pakistanis as an important bridge connecting the two countries and stressed the need to strengthen cooperation with UK-based financial institutions and the private sector to further expand bilateral economic and financial relations.
Commitment to reforms and growth
Reaffirming the government’s economic agenda, the finance minister said Pakistan remains committed to maintaining macroeconomic stability, strengthening fiscal discipline, improving the ease of doing business and creating an enabling environment for investment and private sector-led growth.
The High Commissioner, in turn, reiterated Pakistan’s commitment to expanding its long-standing economic partnership with the United Kingdom, saying there remained substantial potential to deepen cooperation in trade, investment, finance and other economic sectors.