Inflation, Current Account Deficit Under Control: Aurangzeb

Minister says Pakistan has achieved financial stability after weathering the storm

ISLAMABAD: Pakistan has successfully brought inflation and its current account deficit under control, Federal Finance Minister Muhammad Aurangzeb informed representatives from S&P Global Ratings in an online meeting. He stressed that the country’s financial stability has proven resilient. The minister detailed ongoing government reforms and projected foreign exchange reserves would rise to $14 billion by June.

Furthermore, he noted the tax-to-GDP ratio was projected to hit 10.6 bolstering fiscal robustness, with primary balance and current account surpluses in the bag.

In addition, the minister stressed the importance of boosting exports and ramping up productivity capacity to spark comprehensive growth.

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International partners lauded Pakistan’s economic measures.

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