Finance Minister Muhammad Aurangzeb on Economic Progress

Pakistan’s economy is moving towards stability and growth, thanks to the government’s strategic fiscal policies, according to Finance Minister Muhammad Aurangzeb.

Speaking at the AlUla Conference for Emerging Market Economies in Saudi Arabia, Aurangzeb reiterated the government’s commitment to necessary policy reforms.

His remarks came during a panel discussion led by IMF Managing Director Kristalina Georgieva, where he detailed Pakistan’s economic recovery plan.

Major Economic Reforms to Drive Growth

The finance minister outlined several key reforms aimed at long-term stability:
✔ Taxation System Revamp: Expanding the tax net and reducing evasion.
✔ Energy Sector Restructuring: Improving efficiency and cutting power sector losses.
✔ Boosting Exports: Encouraging industrial growth and global trade.

Shift to an Export-Led Economy

Aurangzeb emphasized that Pakistan is moving away from an import-reliant model and adopting an export-driven strategy.

This transformation will:

• Strengthen economic resilience.
• Attract foreign investment.
• Support sustainable long-term growth.

World Bank Delegation Engaged in Economic Discussions

Meanwhile, a delegation of nine executive directors from the World Bank is in Pakistan to evaluate:

• Development projects currently underway.
• New investment opportunities across key economic sectors.

The delegation plays a vital role in overseeing global economic programs and is expected to provide insights into potential funding opportunities for Pakistan.