Govt’s Reforms and Fiscal Discipline Stabilizing Country’s Economy: Aurangzeb.

Islamabad: Finance Minister Muhammad Aurangzeb has stated that the government’s prudent economic policies have led to substantial improvements across all sectors. In a televised statement, he emphasized the government’s commitment to building on the hard-earned macro-stability to further strengthen the country’s economy.

According to Radio Pakistan, the Finance Minister expressed optimism about the future, projecting that the size of the country’s economy will grow to three trillion dollars by 2047, up from the current 300 billion dollars. He highlighted that the government has demonstrated fiscal discipline and introduced economic reforms, leading to the stabilization of the national economy.

Aurangzeb also discussed the recent visit of the International Monetary Fund (IMF) delegation to Pakistan, describing it as part of an ongoing dialogue process. Discussions with the delegation focused on energy and state-owned enterprise (SOE) reforms, the privatization agenda, and public finance.

The Finance Minist
er further mentioned his interactions with counterparts from several countries, including the United Arab Emirates, Saudi Arabia, China, Turkiye, and officials from the US treasury, as well as representatives of various rating agencies.

On the topic of revenue and taxation, Aurangzeb stated that the government remains firm on compliance and enforcement, insisting that every sector must fulfill its responsibilities in this regard.