Aurangzeb for deepening ties with Beijing

Discusses ongoing reforms in energy, state enterprises

ISLAMABAD:

Federal Minister for Finance & Revenue Muhammad Aurangzeb, on Friday, highlighted recent positive developments in Pakistan's economy, including increased foreign exchange reserves, decreased inflation, and enhanced tax collection.

During a meeting with Charge d'affaires of the Chinese Embassy, Shi Yuanqiang, and other officials, Aurangzeb outlined significant reforms in the energy sector, state-owned enterprises (SOEs), and ongoing privatisation efforts.

The minister highlighted Pakistan's focus on export-led growth and its commitment to attracting more foreign direct investment (FDI). Recalling his recent visit to China, Aurangzeb shared details of fruitful discussions with Chinese officials aimed at boosting economic cooperation between the two countries.

Minister for Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the Prime Minister on Power, Muhammad Ali, also attended the meeting. Leghari expressed the government's appreciation for Chinese investment in Pakistan's energy sector and noted ongoing reforms to address sectoral challenges.

The Chargé d'affaires reiterated China's commitment to supporting Pakistan's sustainable economic development and confirmed ongoing coordination efforts following the prime minister's recent visit to China.