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ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif held separate meetings with Freedom holding CEO and AIIB President to boost investment, expand financial sector cooperation, and promote digital finance, according to separate statements from the Prime Minister&#39;s Office (PMO) Timur Turlov, Founder and CEO of Freedom Holding Corporation of Kazakhstan, who also chairs the Kazakhstan-based financial services conglomerate, held talks with PM Sharif in Islamabad. The meeting covered potential entry points, including branch establishment, digital financial services, and correspondent banking partnerships, as per the PMO press release. &nbsp; PM Sharif conveyed warm wishes to Kazakhstan&#39;s President, Kassym-Jomart Tokayev, and cited Pakistan&#39;s economic reform agenda and investor-friendly policy direction as the basis for inviting Freedom Holding to enter Pakistan&#39;s financial markets. &nbsp; Both sides discussed collaboration across retail brokerage, Islamic banking solutions, fintech innovation, and capital market development. &nbsp; Turlov expressed confidence in Pakistan&#39;s economic trajectory. He also indicated his company&#39;s interest in long-term strategic investments aligned with Pakistan&#39;s development priorities. &nbsp; Federal Minister for IT Shaza Fatima Khawaja, Minister of State for Finance Bilal Azhar Kayani, among others, accompanied the prime minister. &lsquo;Long-term partnership&rsquo;Later today, PM Sharif also received the President of the Asian Infrastructure Investment Bank (AIIB), Zou Jiayi, accompanied by a high-level delegation, at the Prime Minister&rsquo;s House.&nbsp;He appreciated AIIB&rsquo;s continued support for Pakistan&rsquo;s socio-economic development agenda. <div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px; text-align: left; line-height: 2;"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowfullscreen="true" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2056417175838269721&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Farticles%2F&sessionId=4c8f6396625167bf8c2364d0f417c9bde13ae181&theme=light&widgetsVersion=6a3ad42b224df%3A1778106238597&width=550px" style="position: static; visibility: visible; width: 550px; height: 600px; display: block; flex-grow: 1;"></iframe></div></div> The Prime Minister highlighted the government&rsquo;s priorities for &ldquo;sustainable and inclusive&rdquo; economic growth, the statement added. He identified key areas for future collaboration with AIIB, including railways, agriculture and agro-based industry, regional connectivity, renewable and indigenous energy resources, as well as youth participation in IT and artificial intelligence. The prime minister underscored ongoing policy reforms aimed at economic stability and long-term development, as well as steps being taken to foster an investment-friendly environment. &ldquo;He noted that partnerships with leading multilateral financial institutions such as AIIB are vital for achieving these objectives,&rdquo; said the statement. He expressed hope that the visit of the high-level delegation would further strengthen Pakistan&rsquo;s relations with AIIB. The President of AIIB, while thanking the government and people of Pakistan for their warm hospitality, recalled Islamabad&rsquo;s valuable role during the establishment of the bank. She also praised the leadership of Prime Minister Shehbaz Sharif and acknowledged his strong commitment to the progress and prosperity of Pakistan, according to the statement. Both sides reaffirmed their commitment to further expanding cooperation and working closely to promote sustainable development, regional integration, and economic growth, said the statement.&nbsp;

Economy

Pakistan Prime Minister Shehbaz Sharif  held separate meetings with Freedom holding CEO and AIIB President to boost investment, expand financial sector cooperation, and promote digital finance, according to statements from the Prime Minister's Office (PMO)

PM Sharif meets Freedom Holding CEO, AIIB President to boost investment and economic cooperation

ISLAMABAD: Multinational Nestl&eacute; announces &ldquo;additional investment&rdquo; in Pakistan at the World Economic Forum (WEF) Business Roundtable in Davos, Switzerland, said the Finance Ministry in a statement on its social X on Thursday. The Federal Minister for Finance and Revenue Muhammad Aurangzeb chaired a high-level Business Roundtable on the sidelines of the World Economic Forum Annual Meeting in&nbsp;<a href="https://www.pakistantv.com/article/our-future-is-promising-country-poised-for-economic-takeoff-pm-sharif-at-davos" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">Davos</a>, bringing together Chief Executive Officers and senior leaders of leading global corporations to discuss the country&rsquo;s &ldquo;reform trajectory, investment climate, and long-term growth potential,&rdquo; said the statement. &ldquo;The roundtable formed part of the Government of Pakistan&rsquo;s ongoing engagement with multinational investors to promote policy predictability, economic formalization, and sustainable, export-oriented growth,&rdquo; said the statement.&nbsp;During the meeting, Executive Vice President and Chief Executive Officer for Asia, Oceania, and Africa at Nestl&eacute; Remy Ejel announced an additional investment of &ldquo;USD 60 million in Pakistan,&rdquo; said the statement. <div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowfullscreen="true" style="position: static; visibility: visible; width: 550px; height: 897px; display: block; flex-grow: 1;" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2014259872272179446&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Farticles%2F&sessionId=ee5e7de990a1d80e78fe75e0f5988e388a57b737&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px">&nbsp;&nbsp;&nbsp;&nbsp;</iframe></div></div>&nbsp;Ejel stated that Nestl&eacute; will undertake &ldquo;a robust expansion of its operations&rdquo; in the country, reaffirming its long-term commitment to Pakistan, as per the statement.&nbsp;It announced that Nestl&eacute; intends to &ldquo;use Pakistan as a regional manufacturing and export hub,&rdquo; exporting products to 26 countries from Pakistan, foreseeing robust growth in Nestl&eacute;&rsquo;s business in Pakistan in the coming years, added the statement.&nbsp;&nbsp;The announcement rests on the company strategy centering on localization, advanced manufacturing, sustainability, and agricultural transformation, it added.&nbsp;&nbsp;Ejel noted that Pakistan&rsquo;s demographic profile, growing nutrition needs, and underpenetrated value-added food segments closely mirror &ldquo;successful growth trajectories seen in Southeast Asia,&rdquo; said the statement.&nbsp;Finance Minister Muhammad Aurangzeb described it as a &ldquo;strong vote of confidence&rdquo; in Pakistan&rsquo;s economic reforms and formalization drive, added the statement.&nbsp;&ldquo;The Finance Minister emphasized that Pakistan offers compelling opportunities in affordable nutrition, climate-resilient dairy, localized sourcing, and export-oriented manufacturing, and reiterated the government&rsquo;s resolve to position Pakistan as a competitive base for regional production and global value chains,&rdquo; it added.

Multinational Nestlé announces “additional investment” in Pakistan at the World Economic Forum Business Roundtable

Articles tagged with "Investment in Pakistan"

PM Sharif meets Freedom Holding CEO, AIIB President to boost investment and economic cooperation

Nestle announces $60 million investment in Pakistan

PM Sharif meets Freedom Holding CEO, AIIB President to boost investment and economic cooperation