Aurangzeb meets foreign investors

Finance Minister highlights Pakistan's economic growth, citing improved exports, inflation, and credit ratings.

ISLAMABAD:

Finance Minister Senator Muhammad Aurangzeb met with a delegation of international investors, led by JP Morgan Pakistan CEO Amin Mohammad Khowaja, to explore fixed income investment opportunities in the country.

According to a press release issued by the Finance Ministry, during the meeting, the minister highlighted the significant strides Pakistan has made in improving its macroeconomic indicators, including a 14% rise in exports, a decline in inflation to 9.6% - a 34-month low - and a reduction in the current account deficit. He also pointed to the improvement in Pakistan's sovereign credit ratings which reflect a stable and promising economic outlook. "The country's economic growth is underpinned by robust fiscal discipline, inflation management, and a favourable balance of payments."

Aurangzeb stated that the government's ambitious structural reforms agenda, aimed at broadening the tax base, rightsizing the public sector, privatisation, and energy sector reforms, would aid overall macroeconomic stability.