FM Aurangzeb briefs int’l investors on Pakistan’s economic reform priorities

Federal Finance Minister Senator Muhammad Aurangzeb attended the Citi Macro Forum meeting and briefed international investors on Pakistan’s economic landscape and reform priorities, reported 24NewsHD TV channel on Wednesday.

On the occasion, continuous progress in the economic stabilization process was highlighted.

Finance Minister noted a primary fiscal surplus for three consecutive years and the fiscal deficit reaching a 22-year low.

Finance Minister stated that measures are being taken to strengthen foreign exchange reserves.

Finance Minister expected economic growth to reach or exceed four percent in the current fiscal year.

Finance Minister outlined plans to issue Panda bonds, Sukuk, and international bonds denominated in rupees but payable in dollars.

Finance Minister highlighted efforts to diversify financial resources, reduce borrowing costs, and extend debt repayment periods.

Finance Minister noted progress under the IMF programme and the expansion of the tax net.

Finance Minister emphasized coordination with provinces to ensure effective implementation of laws and maintain fiscal discipline.

Finance Minister outlined measures to maintain energy supplies amidst the impact of the Middle East conflict.

Finance Minister highlighted steps taken to provide targeted relief to vulnerable segments while remaining within current budget allocations.

Finance Minister emphasized efforts to build resilience against climate change, enhance disaster preparedness, and ensure the effective use of development financing.

Finance Minister reaffirmed Pakistan’s commitment to sustained reforms.

Emphasis placed on transitioning from aid-based relationships to trade and investment partnerships with other nations.