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US eyes investment in IT, mining, energy | The Express Tribune
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24 revenue estates digitised in capital to stop fraud practices. Photo file
ISLAMABAD:
The United States has expressed interest in investing in Pakistan’s IT, mining, minerals and energy sectors, as both countries agreed, on Saturday, to maintain engagement on large-scale projects, according to the Ministry of Finance.
Federal Minister for Finance Muhammad Aurangzeb met US Secretary of Commerce Howard Lutnick in Washington, where the two sides discussed promoting trade and investment between Pakistan and the United States.
The ministry said American interest was conveyed in ICT, mining, minerals and energy. Both countries reaffirmed their commitment to strengthening economic cooperation and welcomed the holding of the US-Pakistan Trade and Investment Forum on March 31, 2026.
Prominent companies from both sides and ministerial-level participation are expected at the forum. The finance minister is likely to attend the US Department of Commerce event. A Pakistani delegation, led by Aurangzeb, met Lutnick at the Department of Commerce in Washington DC. The finance minister was accompanied by the secretary commerce, Pakistan’s ambassador to the United States and trade and economic ministers.
According to the statement, both sides reiterated their desire to enhance economic cooperation, particularly in trade and investment, and agreed to continue engagement on investment in major projects in the coming months.
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MUMBAI: Some friction, long viewed as a flaw in digital payments, is now being seen as a feature. An RBI discussion paper proposes to introduce a short delay, or “lag”, for high-value transfers above Rs 10,000. This gives customers time to rethink a transaction and cancel it if they suspect fraud. Customers may also be allowed to whitelist trusted payees so that genuine payments are not delayed.Another proposal is to provide stronger protection to vulnerable users such as senior citizens by requiring an additional confirmation from a “trusted person” for large transactions above Rs 50,000. The paper also suggests a “kill switch” to instantly block all digital transactions in case of suspected fraud.Banks are expected to identify suspicious transactions in real time and seek reconfirmation from customers before processing them. They will need to build systems to implement delays, allow cancellations, and generate risk alerts. Banks are also expected to tighten due diligence by linking the level of activity in an account to the customer’s profile. For instance, accounts with low verified income may face limits on how much money they can receive unless additional checks are completed. A key finding is that most frauds now are the result of human vulnerability. The growth of digital payments has amplified this risk.
The project was part of a package of tech investment promising the UK could become an AI superpower.
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