ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb has said that Pakistan’s economy is showing strong signs of recovery, with inflation easing into single digits and foreign exchange reserves witnessing steady improvement.
The finance minister said Pakistan has made “significant strides in the economic field,” crediting ongoing reforms and better fiscal management for stabilizing key indicators. “Economic stability has strengthened our reserves and created a more favorable environment for investment,” he remarked.
Highlighting Pakistan’s strategic partnerships, Aurangzeb called the China-Pakistan Economic Corridor (CPEC) a “regional game changer,” adding that substantial progress has been made under its second phase. “Just recently in Beijing, we finalized agreements on 24 joint projects, marking an important milestone in Pakistan-China cooperation,” he said.
The minister noted that inflation has now fallen to single digits a development that comes as a relief for citizens after months of price volatility. He further revealed that Pakistan’s economy grew by 3% in the last fiscal year, and the government remains optimistic about maintaining momentum. “Three major global rating agencies have acknowledged Pakistan’s economic resilience,” Aurangzeb added.
He said the government initially set a 4% growth target for the current fiscal year, but warned that recent floods could slightly impact that projection. “Despite the challenges, we are confident of achieving at least 3.5% growth this year,” he said.
The finance minister also touched upon the broader global landscape, stressing that climate change poses one of the biggest threats to sustainable growth. “The world is evolving rapidly, and climate-related challenges demand collective action. No country can tackle this issue alone,” he cautioned.
Aurangzeb reaffirmed the government’s commitment to continue its reform agenda, attract foreign investment, and steer the country toward inclusive and sustainable economic growth.
