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Alvarez & Marsal Eyes New Office in Pakistan to Supercharge Privatization Efforts

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In April 9, Karachi – Global consulting company Alvarez & Marsal is considering establishing an office in Pakistan. Their objective is to assist with the government’s initiative towards privatization and to encourage foreign investments. This move follows a discussion between Finance Minister Muhammad Aurangzeb and a team from the organization, headed by Executive Peter Briggs.

In the course of the conversation, Briggs highlighted Pakistan’s prospects for sustained economic expansion and affirmed the company’s dedication to the area. The organization additionally expressed its willingness to assist Pakistan in setting up a sovereign wealth fund. Finance Minister Aurangzeb greeted their participation warmly, acknowledging their proficiency in privatization and financial advice.

Aurangzeb emphasized the administration’s drive to speed up its privatization plans. At present, 24 state-run businesses are queued up under this program. He noted growing enthusiasm among international and domestic investors, mentioning recent declarations made by AP Moller Maersk as an encouraging indicator of economic progress.

The government anticipates that joining forces with Alvarez & Marsal will open up fresh avenues for investments. This partnership is expected to play a crucial role in advancing Pakistan’s broader economic growth and enhancing its fiscal environment.

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