UK fund eyes expansion of investment footprint

British International Investment (BII) plans to invest at least $2 billion across Asia and Africa under its 2026-31 strategy, with a significant focus on South Asia, and has identified Pakistan as an important investment destination. BII Managing Director and Head of Asia Srini Nagarajan shared the plans with Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb at a meeting to discuss expanding BII's investment footprint and mobilising private capital, according to a statement issued on Thursday. Nagarajan expressed BII's interest in significantly expanding its investment in the country over the coming years, and outlined its focus on mobilising private capital alongside its own investments in infrastructure, climate finance, financial services, technology and private markets. Aurangzeb welcomed BII's commitment, highlighting improved macroeconomic stability and investor confidence, alongside the government's focus on structural reforms, privatisation and private-sector-led growth. The delegation highlighted the potential of private equity, fund-of-funds structures and private credit to deepen financial intermediation. Nagarajan welcomed capital-market reforms and efforts to improve the investment and exit environment.