The government is seeking to deepen Pakistan’s economic and financial engagement with the United Kingdom by promoting investment, expanding cooperation in capital markets and financial services, boosting remittances and advancing the country’s economic diplomacy agenda, Finance Minister Senator Muhammad Aurangzeb said on Wednesday.
The minister was talking to Pakistan’s newly appointed High Commissioner to UK, Tipu Usman, who called on him here Thursday.
According to press release issued by finance ministry, they discussed matters of exploring avenues for further strengthening Pakistan-UK economic and financial cooperation. Aurangzeb welcomed the High Commissioner on his new assignment and expressed confidence that his experience and diplomatic acumen would contribute to further enhancing bilateral economic engagement and advancing Pakistan’s economic diplomacy objectives in the United Kingdom.
Discussions also focused on strengthening Pakistan’s engagement with international investors and financial institutions, while leveraging London’s position as a leading global financial centre to support Pakistan’s financing and capital market objectives.
Aurangzeb highlighted the government’s ongoing efforts to diversify financing sources, deepen Pakistan’s access to international capital markets, and strengthen the country’s financial architecture. They also exchanged views on developments in digital finance, blockchain-based financial solutions, virtual assets, and emerging instruments such as the tokenization as part of Pakistan’s broader digital transformation agenda. Avenues for enhancing cooperation in debt management and capital market development, including continued engagement with the United Kingdom Debt Management Office also came under discussion.
The High Commissioner briefed the minister on prospects for engaging institutional investors and facilitating future investment roadshows in coordination with leading financial institutions. Aurangzeb underscored the important role of the Pakistani diaspora in the United Kingdom in strengthening economic linkages between the two countries, particularly through remittances and the Roshan Digital Account, investment, and commercial engagements. He also emphasized the importance of continued collaboration with UK-based financial institutions and the private sector to further promote bilateral economic and financial ties.
He reaffirmed the government’s commitment 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 reiterated Pakistan’s commitment to strengthening its economic partnership with the United Kingdom across all domains, describing the relationship as one of long-standing importance that continues to hold significant potential for further growth.