Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with the leadership of Pak-Kuwait Investment Company (PKIC) to discuss the strategic initiatives and future directions of the joint venture in Pakistan.Attendees included Saad ur Rehman Khan, Managing Director Pak-Kuwait Investment Company, the Finance Secretary, and senior officials from the Finance Division. Saad ur Rehman Khan provided an overview of PKIC's current portfolio, highlighting the PKIC's initiatives in the real estate sector leveraging Islamic finance structures to fund major infrastructure projects addressing Pakistan's investment needs while ensuring that investment activities adhere to Islamic principles, thereby attracting a broader range of investors. The discussions also highlighted PKIC's dedication to supporting small and medium enterprises (SMEs) across Pakistan.The Finance Minister commended Pak-Kuwait Investment Company for its strategic contributions to Pakistan's economy, especially in sectors vital to the nation's long-term development. The Minister specifically acknowledged PKIC's proactive approach to integrating Islamic finance into its operations, noting that this approach not only aligns with Pakistan's development priorities but also resonates with the broader goals of ethical and sustainable growth. In conclusion, both sides emphasized the need for continued collaboration and support to enhance the effectiveness of such joint ventures.Meanwhile Muhammad Yahya, United Nations Resident and Humanitarian Coordinator for Pakistan, called on Finance Minister Senator Muhammad Aurangzeb, at the Finance Division in Islamabad.Muhammad Yahya briefed the Finance Minister on the work of UN and its agencies undertaking development and humanitarian assistance projects in Pakistan. He also shared the success of UNESCAP and its work on debt consolidation in middle income countries.Muhammad Yahya noted that energy transition was an important area for possible cooperation with Pakistan. The F inance Minister shared the commitment of the government towards policy reforms and sustainable economic development and appreciated the cooperation provided by the UN and its agencies in this regard. The Minister reiterated that climate finance and energy transition were essential areas for improving energy sector viability in the country and welcomed the cooperation with UNESCAP in this regard.The meeting concluded with both sides expressing their resolve to continue working closely to address Pakistan's development challenges and to implement sustainable solutions that benefit all segments of society.