ISLAMABAD: Finance Minister Muhammad Aurangzeb expressed that Pakistan is gaining investor confidence due to its progression towards stability.
During a press conference in Islamabad , he highlighted the successful visit of a Saudi delegation, which showed faith in Pakistan’s economy.
Aurangzeb noted the nation’s positive trajectory, citing a five percent growth in agriculture and foreign exchange reserves surpassing nine billion dollars. He mentioned a decrease in inflation from thirty-eight percent to seventeen percent, with ongoing efforts to further reduce it.
Anticipating an IMF visit this month, Aurangzeb emphasized the goal of achieving macroeconomic stability and implementing structural reforms. He stressed the need to raise the tax to GDP ratio to thirteen to fourteen percent, alongside energy sector reforms and reducing losses of state-owned enterprises.
Regarding pension liabilities, Aurangzeb mentioned plans to reform the service structure gradually to alleviate the burden. Law Minister Azam Nazeer Tarar assured that pension reforms would be comprehensive and involve parliamentary discussion, led by a committee chaired by the Finance Minister.
Information Minister Attaullah Tarar mentioned ongoing discussions on reducing pension burdens, including proposals to standardize service length across institutions. They assured the public of transparency once these matters are finalized.
