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Pakistan’s High Commissioner to UK Meets Finance Minister to Boost Economic Cooperation

Pakistan's High Commissioner to UK Meets Finance Minister to Boost Economic Cooperation

Key Takeaways

  • Pakistan’s newly appointed High Commissioner to the United Kingdom, Mr. Tipu Usman, met with Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb.
  • The meeting focused on expanding trade, investment, banking, remittances, capital markets, and financial services cooperation between Pakistan and the UK.
  • Both sides agreed to continue engaging in debt management and capital market development, leveraging London’s position as a global financial centre.

Pakistan's newly appointed High Commissioner to the United Kingdom, Mr. Tipu Usman, recently held discussions with Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, to explore avenues for enhancing bilateral economic cooperation.

The meeting was aimed at reviewing opportunities in trade, investment, banking, remittances, capital markets, and financial services, highlighting the importance of leveraging London’s position as a leading global financial centre.

Senator Muhammad Aurangzeb expressed confidence that Mr. Usman's experience and diplomatic acumen would contribute to further enhancing bilateral economic engagement and advancing Pakistan's economic diplomacy objectives in the UK.

The Finance Minister highlighted the Government's ongoing efforts to diversify financing sources, deepen access to international capital markets, and strengthen the country’s financial architecture.

Both sides also exchanged views on digital finance, blockchain-based solutions, virtual assets, and emerging instruments such as tokenization, part of Pakistan’s broader digital transformation agenda.

The High Commissioner briefed the Finance Minister on prospects for engaging institutional investors and facilitating future investment roadshows in coordination with leading financial institutions.

Senator Muhammad Aurangzeb underscored the significant role of the Pakistani diaspora in the UK, particularly through remittances and the Roshan Digital Account, as well as commercial engagements.

He emphasized the importance of continued collaboration with UK-based financial institutions and the private sector to further promote bilateral economic and financial ties.

The Finance Minister reaffirmed the Government's commitment to maintaining macroeconomic stability, strengthening fiscal discipline, improving ease of doing business, and creating an enabling environment for investment and private sector-led growth.