Monday, August 18, 2025

Govt made strong gains in macroeconomic stability, Senator Aurangzeb

Finance Minister Highlights Macroeconomic Gains, Investment Opportunities at ‘Pakistan Access Day’ Moot

London : Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, delivered a keynote address at the Jefferies’ ‘Pakistan Access Day’ interactive conference co-hosted by KTrade Securities.

The event brought together a distinguished audience comprising top global institutional investors, senior executives from leading international banks, investment firms, and professionals from both the public and private sectors.

The Advisor to the Prime Minister on Privatization, Mr. Muhammad Ali, also attended and addressed the forum, which served as a vital platform to showcase Pakistan’s economic progress and investment outlook to the international business community.

Senator Aurangzeb underscored the Government of Pakistan’s firm commitment to macroeconomic reform and structural transformation and the government’s resolve to stay the course to bring permanence to this macroeconomic stability.* He stated that the country had made substantial progress toward achieving macroeconomic stability, with key economic indicators now reflecting improved resilience and discipline.

“We have successfully navigated a period of significant external and domestic challenges, and Pakistan today stands on the foundation of restored macroeconomic stability,” the Minister noted. “Through bold and far-reaching reforms, we have reinstated fiscal discipline, strengthened our external position, and rebuilt investor confidence.”

He highlighted that Pakistan posted a primary budget surplus of PKR 3.6 trillion during the first half of FY2025, while inflation has seen a remarkable decline—reaching just 0.3% in April 2025, the lowest level recorded in over a decade. These gains, he added, have been acknowledged internationally with Fitch upgrading Pakistan’s sovereign credit rating from CCC+ to B-, reflecting renewed market confidence.

Looking ahead, Senator Aurangzeb outlined Pakistan’s ambitious economic targets, including 6% annual GDP growth by persisting with structural reforms in taxation, energy, SOEs, privatisation, pension and public finance, an expansion of exports to USD 50 billion, inflation moderation to 6%, and the development of a USD 5 billion ICT freelancing industry. Additionally, Pakistan aims to cut greenhouse gas emissions by 50%, raise the share of renewable energy to 10%, and reduce income poverty by 13%.

He emphasized that these goals are embedded within the Government’s comprehensive “5Es Framework”—focusing on Exports, E-Pakistan (IT), Environment & Climate Change, Energy & Infrastructure, and Equity, Ethics, and Empowerment.

The Finance Minister reaffirmed the Government’s policy of limiting its role to providing a robust and consistent policy framework, while allowing the private sector to take the lead in driving growth. He pointed to increasing private sector representation in top policy forums as a testament to this approach.

Further, Senator Aurangzeb detailed ongoing efforts to improve the investment climate in Pakistan. He highlighted the Investment Policy 2023, which offers clear protections and incentives for foreign investors, and the Special Investment Facilitation Council (SIFC), which serves as a streamlined “one-window” platform for expediting investment processes.

“We are committed to making Pakistan’s investment ecosystem more transparent, efficient, and investor-friendly,” he said. “Over 160 regulatory reforms have already been implemented under the Pakistan Regulatory Modernization Initiative (PRMI), and we are launching the Pakistan Business Portal to simplify business registration and approvals through digital integration.”

Additionally, he noted that Pakistan’s reformed visa regime now allows for 24-hour e-visas for citizens of 126 countries—further facilitating international business engagement.

Addressing the gathering, Advisor to the Prime Minister on Privatization, Mr. Muhammad Ali, presented a detailed overview of the privatization roadmap for state-owned entities (SOEs). He emphasized the transparency and competitiveness of the ongoing processes and highlighted the significant investment opportunities with attractive returns available across various sectors of the Pakistani economy.

Mr. Ali reaffirmed that the Government’s privatization drive is focused on ensuring efficient service delivery and unlocking value for the public while creating a favorable environment for private capital.

The conference concluded with renewed optimism and expressions of interest from international stakeholders, affirming Pakistan’s strategic relevance and potential in the global economic landscape.

Field Correspondent Sohail Majeed
+ posts

Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.

Hot this week

Uraan Pakistan’ drives green buses, mangrove revival, and resilient healthcare, FM

Climate-Smart, Health-Responsive Infrastructure Now a National Priority Islamabad: Federal Minister...

Urgent need for industrial policy to boost sector performance, Haroon

Belgian-British economist and Haroon Akhtar khan Highlight Urgent Industrial...

BCCI agrees to add Pakistan’s name on their jersey

India has confirmed its compliance with the International Cricket...

National Summit for Malaria Elimination in early 2026, Dr. Mukhtar

Pakistan reveals key findings from first G6PD pilot to...

Experts urge integrating the climate-nutrition link into Pakistan’s NDCs and policies

Agriculture both contributes to and is impacted by climate...

Swedish Buyers Rank Pakistani Products Among World’s Best, Alexandra Berg

Swedish Ambassador Meets Commerce Minister; Focus on Trade, Investment,...

Pakistan Strengthens Global Partnerships for Climate Action with GGGI

Islamabad :   Federal Minister for Climate Change and Environmental...

Uzbekistan expresses solidarity with Pakistan over recent floods

Islamabad :-  Foreign Minister of Uzbekistan, Saidov Bakhtiyor Odilovich,...

Ethiopia’s Green Legacy a global model for reforestation & sustainability, Gilani

Ethiopia–Pakistan Green Dialogue Held at COMSTECH Secretariat Islamabad : The...

72% of affected telecom sites have already been restored, PTA

PTA Ensures Connectivity in Flood-Affected Areas, Free Voice Calls...

Giga Group Criticized for Canceling Independence Day Fireworks

Islamabad : Giga Group has come under criticism for...

Spillways of Khanpur Dam to be opened today

Islamabad : Alert: Spillway Operation – Khanpur Dam Project...

Related Articles

Popular Categories