LONDON – Pakistan is making strides in economic recovery and investment opportunities, as Finance Minister Muhammad Aurangzeb reassures global investors of the country’s commitment to reforms.
Speaking at a high-profile meeting in London, Aurangzeb highlighted Pakistan’s macroeconomic achievements, including a primary budget surplus of Rs3.6 trillion, a current account surplus, and inflation reduced to 0.3%. He also noted the debt-to-GDP ratio improvement from 75% to 65%, boosting investor confidence and sovereign credit ratings.
The government is shifting towards an export- and productivity-led growth model, implementing tax reforms to formalize key sectors like real estate, retail, and agriculture. Additionally, Pakistan’s landmark copper agreement is expected to contribute $2.8 billion annually to exports by 2028.
Aurangzeb also discussed Pakistan’s Panda bond issuance and Medium-Term Debt Management Strategy, attracting interest from global investors. British American Tobacco representatives raised concerns about illicit trade and taxation policies, urging reforms to curb counterfeiting and enhance revenue collection.
Pakistan’s economic transformation is gaining international recognition, with investors expressing confidence in its future growth trajectory.
