Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, while addressing the Pakistan Business Summit in Peshawar, said that the government’s role is to ensure macroeconomic stability, introduce structural reforms, and provide a conducive environment for business and investment. He emphasized that the government aims for the private sector to lead the country’s economic growth, supported by effective policymaking and public confidence, adding that Pakistan is moving in the right economic direction. He also reiterated the government’s commitment to implementing tax reforms.
The finance minister highlighted that stability in the rupee has boosted remittances, which are expected to reach $41 billion in the fiscal year. He further noted that Pakistan had recently completed the successful repayment of its Eurobond, reflecting resilience and growth in the economy.
Senator Aurangzeb said that the role of the private sector is expanding with each passing day, driving structural reforms that will help the country move towards self-reliance. He assured that the government is committed to providing a supportive environment for investment and integration into the global economy.
He also shed light on tax reforms and the initiatives of the Federal Board of Revenue (FBR), stressing that efforts are underway to broaden and deepen the tax base. Restoring public trust in the taxation system, he said, is crucial.
The finance minister also underlined the role of provinces, stressing that improved coordination and cooperation can ensure better utilization of public development funds. He further emphasized the need to boost exports, facilitate industries through tax and energy reforms, and encourage growth by rationalizing tariffs on raw materials.
