Karachi, May 2, 2025 – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has assured the Overseas Investors Chamber of Commerce and Industry (OICCI) that their budget recommendations will be given serious consideration during the upcoming budget formulation process.
Speaking during a virtual meeting with OICCI members on Friday, Aurangzeb emphasized the government’s commitment to macroeconomic stability and its openness to engaging with the private sector for sustainable growth.
During the Zoom session, Aurangzeb highlighted the government’s broader macroeconomic reform strategy, which centers on structural improvements to enhance transparency, efficiency, and accountability across critical areas such as taxation, energy, and public finance. He stressed that the government is working to create a resilient economic foundation by ensuring fiscal discipline and improving coordination among federal and provincial authorities.
The finance minister told the OICCI members that their input is essential in shaping a budget that reflects both national priorities and the needs of the private sector. He acknowledged the chamber’s longstanding role as a key stakeholder in Pakistan’s investment landscape and reaffirmed that constructive feedback from organizations like OICCI helps strengthen the policymaking process.
The OICCI, which represents major multinational companies operating in Pakistan, responded positively to the government’s outreach. The Chamber welcomed the sustained dialogue and reiterated its support for the government’s focus on structural reforms. OICCI representatives also presented proposals aimed at expanding the tax net, increasing enforcement through digital tools, and boosting collaboration between the public and private sectors to ensure efficient policy implementation.
Furthermore, the OICCI shared findings from its latest Business Confidence Survey, indicating a modest recovery in investor sentiment over the past year. Members expressed cautious optimism that the government’s recent economic measures would translate into stronger business confidence and long-term investment growth.
Senator Aurangzeb concluded the session by reaffirming his ministry’s resolve to continue engaging key stakeholders. He assured the OICCI that their contributions would be carefully reviewed and, where possible, integrated into budgetary policies designed to foster economic stability, attract foreign investment, and promote inclusive growth.