Former State Bank of Pakistan (SBP) Chief, Dr. Reza Baqir, on Monday advised the Finance Division on critical measures to attract private capital and drive Pakistan’s economic growth.
During a high-level meeting with Finance Minister Senator Muhammad Aurangzeb, Dr. Baqir, along with a delegation from global advisory firm Alvarez & Marsal, discussed strategies to mobilize international investment and develop innovative financial structures tailored for Pakistan.
The delegation included Peter Briggs, Elizabeth Shortino, and Mickey Landen, who joined virtually. They highlighted Alvarez & Marsal’s extensive global expertise in sovereign advisory and strategic investment platforms.
Briggs briefed the Finance Minister on the firm’s experience in structuring investment platforms with international partners and outlined how similar models could be adapted to Pakistan’s economic context. Both sides exchanged views on leveraging institutional partnerships to attract private capital and boost economic growth.
Senator Aurangzeb appreciated the firm’s engagement and emphasized the importance of developing actionable proposals to deepen collaboration, create viable investment opportunities, and coordinate with international financial institutions.
Both parties agreed to maintain close coordination through designated focal points and continue technical-level discussions, with follow-up engagements planned to refine proposals and advance collaboration during upcoming international meetings.
Kind of difficult when people cannot afford anything but taxes are record high
Mr Raza Baqir was Governor SBP in PTI govt.