Pakistan’s efforts to attract foreign investment received a significant boost as the Japan Bank for International Cooperation (JBIC) formally committed to joining the Reko Diq lender group, a development Finance Minister Muhammad Aurangzeb hailed as a strong and positive signal for international businesses.

During a discussion with JBIC Governor Nobumitsu Hayashi in Washington D.C., the Finance Minister expressed his appreciation for the bank’s decision. He noted that this participation would significantly enhance confidence among Japanese enterprises regarding the lucrative investment opportunities available within Pakistan, according to information today.

Mr. Aurangzeb underscored the government”s high priority on ensuring the security and confidence of all foreign investors. He also pointed out the need to explore further avenues for bilateral partnership and economic collaboration between Pakistan and Japan.

In a separate engagement, the Finance Minister met with Lutfey Y. Siddiqi, the Special Envoy to the Chief Adviser of Bangladesh. In these talks, Mr. Aurangzeb stressed the importance of continued knowledge-sharing and capacity-building between the two nations to bolster regional development efforts.

He reiterated his conviction that sustainable economic advancement must be spearheaded by the private sector. The minister clarified that the role of the public sector is to create a conducive ecosystem that encourages both investment and innovation.