Islamabad: (RightNow) Federal Finance Minister Senator Muhammad Aurangzeb emphasizes the need for active local investors to boost investment in Pakistan. The minister states that Pakistan has improved its foreign exchange reserves, achieving a good rating.

He mentioned at the UNDP conference that Pakistan Stock Exchange is working on the ESG index. Discussions on funding are ongoing with the World Bank and Asian Development Bank. A green taxonomy framework has also been introduced.

The finance minister highlights that local investor participation can increase foreign investment. Emphasis is placed on promoting public-private partnerships. A policy framework and financing capacity are crucial for economic stability.

It is important to note that population growth and climate change are significant challenges for Pakistan. The finance minister mentions the need for assistance from the World Bank and IMF.

Remember that for Pakistan’s economic growth, collaboration between the government and the private sector is essential. The finance minister also stresses the importance of increasing exports.