Finance Minister Discusses Economic Reforms and Outlook with S and P Global

Islamabad: Senator Muhammad Aurangzeb, Minister for Finance and Revenue, met with representatives from Standard and Poor’s (S and P) Global Rating Agency to discuss Pakistan’s economic situation and ongoing reforms. The meeting focused on the country’s recent achievements under the Stand By Arrangement with the IMF and future economic strategies.

According to Press Information Department, the Finance Minister updated the S and P delegation on several positive economic indicators, including the growth of foreign exchange reserves to USD 9.4 billion, a robust stock market performance, and a reduction in inflation rates. He highlighted the government’s efforts to expand the tax base, which has seen a 30% increase in tax collection this fiscal year, and discussed ongoing reforms in energy and state-owned enterprises.

The meeting also touched on Pakistan’s negotiations with the IMF for a new medium-term support program, reflecting the government’s commitment to economic reforms. The S and P delegation acknowledged the fiscal measures and improvements in economic indicators, expressing confidence in Pakistan’s reform agenda.

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