PR No. 36

Minister of State for Finance and Revenue Bilal Azhar Kayani Holds Consultative Meeting with Senior Philip Morris International Delegation

Islamabad: May 5, 2026

A high-level delegation from Philip Morris International (PMI) called on Minister of State for Finance and Revenue, Mr. Bilal Azhar Kayani at the Ministry of Finance to discuss the evolving economic landscape and the company’s role in the national industrial sector. The delegation, led by President CIS & Central Asia Mr. Marco Mariotti, provided a comprehensive briefing on the organization’s substantial economic footprint and its contributions to Pakistan’s export and tax base.

The dialogue focused on the broader scope of economic cooperation and the necessity of maintaining a stable fiscal environment for large-scale international investors. Both parties discussed the importance of addressing sector-specific challenges to ensure the sustainability of national revenue and the continued viability of legitimate commercial operations. The delegation reaffirmed its support for government strategies aimed at strengthening market regulations and curbing informal trade practices.

Minister Bilal Azhar Kayani emphasized the government’s commitment to fostering a business-friendly climate that encourages foreign direct investment (FDI) and ensures a level playing field for all industrial stakeholders. He noted that the administration’s focus remains on stabilizing the economy through robust enforcement of trade regulations and the implementation of sustainable fiscal policies.

The meeting concluded with a mutual resolve to maintain an active partnership. This ongoing engagement is expected to facilitate a more predictable regulatory environment, ultimately contributing to the long-term economic stability and growth of Pakistan.

PREVIOUS NEXT