Federal Finance Minister Mohammad Aurangzeb has stated that Pakistan has entered a phase of economic growth following stability, with the economy now moving towards export-led development rather than relying on debt. Economic reforms have boosted confidence both nationally and internationally.
In an interview with USA Today, the Finance Minister revealed that inflation has dropped from 38% to single digits, while foreign exchange reserves have exceeded $14.5 billion.
He said achieving a primary budget and current account surplus is a significant milestone, and stability in the exchange rate has restored investor confidence. Economic growth currently stands at 2.7%, which is positive but insufficient, emphasizing the continued need for reforms in taxation, energy, and public sector institutions.
Mohammad Aurangzeb highlighted that IT exports have surpassed $4 billion and are expected to double in the next five years. Privatization and tariff reforms will enhance Pakistan’s global competitiveness, and according to the World Bank, the country has the potential to become part of the East Asian movement.
The Finance Minister emphasized that women’s education and workforce participation are essential and stressed the need for global cooperation to tackle major challenges like climate change. He noted that there are vast investment opportunities in agriculture, minerals, and the digital economy, with Balochistan’s Tethyan Copper Belt attracting global attention. Additionally, Pakistan has significant capabilities in data centers, AI, and digital services.
He concluded that Pakistan is ready for trade and investment, and the country has begun its journey from crisis to an opportunity-driven economy. USA Today also published a special report on Pakistan highlighting these developments.
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