In a recent statement, Pakistan’s Minister of Finance Muhammad Aurangzeb reaffirmed the country’s unwavering dedication to luring international investments by preserving an atmosphere that is commercially encouraging.
A group of international investors, led by Amin Mohammad Khowaja, the Chief Executive Officer of J.P. Morgan Pakistan, had visited him in Islamabad. He was speaking with them.
Muhammad Aurangzeb also provided further information regarding the ambitious structural reforms program of the government. This agenda aims to strengthen the general macroeconomic stability by widening the tax base, rightsizing the public sector, promoting privatization, and reforming the energy sector.
The Minister of Finance emphasized the great achievements that Pakistan has made in strengthening its macroeconomic indicators, such as the increase in exports by 14 percent, the decrease in inflation to 9.6 percent, which is the lowest level in 34 months, and an overall decrease in the current account deficit among Pakistan’s economic indicators.
It was also brought to his attention that Pakistan’s sovereign credit ratings had improved, which is indicative of a stable and encouraging economic future. According to him, the rigorous fiscal discipline, inflation management, and favorable balance of payments that the country has are the pillars upon which the country’s economic prosperity.
In addition to expressing confidence regarding the potential for larger investment flows into Pakistan, the delegation praised the efforts that the government has made to establish an atmosphere that is conducive to business.
