Aurangzeb briefs IFC on macroeconomic stability

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with International Finance Corporation (IFC) delegation led by its Managing Director and Executive Vice President, Makhtar Diop here on Friday.

According to the press release, the finance minister congratulated IFC on its recently signed projects with the private sector and commended the thriving role of private enterprises in Pakistan.

He also briefed the delegation on Pakistan's macroeconomic stability, mentioning his recent meeting with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) in Dubai.

He highlighted that since the last meeting with IFC in Davos, improvements have been observed on both the debt and equity sides.

Aurangzeb outlined key structural reforms, including the introduction of agricultural income tax, an unprecedented step in the country, along with pension reforms and rightsizing initiatives across 43 ministries and 400 attached departments, many of which have been merged or wrapped up.

He reaffirmed the government's commitment to fostering an environment where the private sector leads economic growth, particularly in driving export-led expansion.