Pakistan Embracing Transformation and Welcoming Business and Investment Opportunities: Aurangzeb

Finance Minister Muhammad Aurangzeb emphasized Pakistan’s commitment to economic transformation and investment during a meeting with global investors in London. He highlighted key achievements, including a primary budget surplus of 3.6 trillion rupees, a current account surplus, significantly reduced inflation to 0.3%, and a drop in the debt-to-GDP ratio from 75% to 65%. Aurangzeb outlined ongoing reforms aimed at shifting towards a sustainable, export-driven economy, including new tax policies to formalize sectors like real estate and agriculture. He also discussed Pakistan’s plans for a Panda bond and welcomed investor support in enhancing communication and credit ratings. Additionally, he addressed concerns raised by British American Tobacco regarding illicit trade in the tobacco sector, promising a review of duty structures in the forthcoming budget to curb smuggling and boost tax revenues.

Pakistan Embracing Transformation and Welcoming Business and Investment Opportunities: Aurangzeb

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