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Federal Minister for Finance and Revenue, Muhammad Aurangzeb, reaffirmed the government’s commitment to fostering inclusive growth and sustainable development during a meeting of the Prime Minister’s Committee on Social Impact Financing, reported Pak Observer on Tuesday.
The meeting, chaired by Aurangzeb, brought together key stakeholders from the public and private sectors to discuss innovative financial solutions aimed at driving social impact. According to a press release from the finance ministry, the minister emphasized the government’s dedication to promoting community welfare by empowering the private sector to spearhead meaningful social initiatives.
The discussions also prioritized enhancing financial inclusion and supporting marginalized communities across Pakistan. Aurangzeb underscored the government’s role in establishing a robust policy and regulatory framework to facilitate social impact financing while stressing that the private sector would lead the implementation of these efforts.
Participants included Minister of State for Finance and Revenue Ali Parvez Malik, the Governor of the State Bank of Pakistan, the Chairman of SECP, the President of the Pakistan Banks’ Association, the Managing Directors of Pakistan Bait-ul-Mal and State Life Insurance Corporation, and several high-profile leaders from organizations such as Akhuwat Foundation, Karandaaz Pakistan, Pakistan Environment Trust, and Interloop Asset Management. Senior officials from various ministries and divisions also attended the session, reflecting a broad and collaborative effort to advance the agenda of social impact financing.
