Pakistan Enters Stable Economic Phase, Eyes Export-Led Growth: FM
He identified agriculture, mining, and the digital economy as priority sectors for investment.
Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, said Pakistan has entered a stable economic phase, with a focus on export-led growth driven by broad reforms.
In an interview with USA Today, Senator Aurangzeb highlighted that consistent economic policies have restored domestic and international investor confidence. As a result, Pakistan has recorded a primary budget surplus and a current account surplus for the first time in years, reflecting improved macroeconomic fundamentals.
He noted that inflation, which had soared to nearly 38 percent, has now dropped to single digits, while foreign exchange reserves have surpassed $14.5 billion. Stability in the exchange rate has also helped rebuild investor confidence, he added.
The finance minister emphasized that Pakistan’s economy is transitioning from a consumption-driven model to an export-oriented growth framework, with IT exports already exceeding $4 billion and expected to double in the next five years.
Aurangzeb also highlighted ongoing reforms in the tax system, energy sector, and state-owned enterprises, along with privatization and tariff rationalization, to enhance Pakistan’s global competitiveness.
He identified agriculture, mining, and the digital economy as priority sectors for investment. The Reko Diq copper and gold project has attracted international attention, while digital services, AI, and data centers are seen as high-growth areas.
The minister said Pakistan is moving beyond crisis management toward an opportunity-driven economy, ready for trade and investment. He also emphasized the importance of women’s education, female workforce participation, and addressing climate change through global cooperation.
“Pakistan is ready for trade and investment,” he said, noting that the country’s journey from crisis to opportunity has begun.
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