Finance Minister Muhammad Aurangzeb said on Tuesday that investor confidence in Pakistan’s economic path is increasing, attributing it to the country’s path towards stability.
In a press conference in Islamabad today, Minister Aurangzeb, accompanied by Law Minister Azam Nazeer Tarar and Information and Broadcasting Minister Attaullah Tarar, highlighted the successful visit of the Saudi Arabian delegation as a sign of confidence in Pakistan’s economy.
Minister Aurangzeb said, “The visit of the Saudi Arabian delegation has yielded positive results that show confidence in Pakistan’s economic condition.” He praised the remarkable growth of five percent in agriculture, driven by large crops, and said there was a significant improvement in key economic indicators.
“Our foreign exchange reserves have crossed $9 billion and inflation has dropped from 38% to 17%,” said Aurangzeb.
Amid expectations for the arrival of the International Monetary Fund (IMF) team, the finance minister expressed Pakistan’s commitment to improving macroeconomic stability and implementing structural reforms.
Addressing the issue of pension liabilities, Minister Aurangzeb approved a comprehensive reform plan and assured them that they will be implemented with consensus in the Assembly. “The committee headed by the finance minister is working on pension reforms that require legislative action,” he said.
Law Minister Azam Nazeer Tarar reiterated his view that the government will provide a fair and sustainable solution to the pension reform.
Minister of Information and Broadcasting Attaullah Tarar reiterated the government’s proactive stance on pension reform and guaranteed public transparency in the decision-making process.
“We are discussing proposals to ease the pension burden, including length of service and legislation across the board,” he said, adding that there would be an update on the matter in due course.
