Finance Minister Mohammad Aurangzeb has stated that Pakistan is dedicated to implementing the International Monetary Fund program, with ongoing economic reforms and efforts to simplify the business process.
Speaking at an event in the federeal capital Islamabad, the finance minister shared that Pakistan’s economy is heading in the right direction.
He pointed to significant progress over the past 14 months, particularly in reducing the current account deficit and bringing inflation to its lowest in 78 months.
Aurangzeb emphasised the critical role the private sector plays in Pakistan’s economic recovery and assured that the government will provide policy guidelines and full support to businesses.
He further highlighted the significance of the housing sector in the economy but noted that the country faces challenges due to unsustainable population growth and vulnerability to climate change-induced disasters.
Despite these challenges, he emphasized that the government remains firmly committed to implementing the IMF program as part of the nation’s strategy to stabilise the economy.
