Support for programs that promote sustainable development, inclusive growth, and community welfare has been reaffirmed by Finance Minister Muhammad Aurangzeb.
He also advocated for enabling the private sector to take the lead in promoting significant social effect while serving as the chair of the Prime Minister’s Committee on Social Effect Financing meeting in Islamabad.
The finance minister emphasized how important it is for the government to have a strong legal and policy foundation for social impact funding.
He also underlined the need for the private sector to take the lead in implementation.
According to him, the private sector is already excelling in this area, so instead of building yet another government agency, we should concentrate on fostering an environment that supports it.
The government’s rightsizing goals are in line with this.
Muhammad Aurangzeb also emphasized how crucial it is to shift from philanthropy to more comprehensive impact finance.
According to him, integrating digital solutions is necessary to guarantee effective systems, and establishing accountability and assessing the impact will increase stakeholders’ credibility and trust.
In order to improve financial inclusion, boost social impact, and uplift Pakistan’s underprivileged communities, the workshop concentrated on developing creative financial solutions.
The participants discussed public-private partnerships, mixed funding strategies, and supporting microfinance programs. A comprehensive regulatory framework that promotes private sector innovation and protects investments was the subject of proposals.
The finance minister led accelerated efforts to complete the proposed policy framework and acknowledged the dedication and contributions of all parties.
