Islamabad: Federal Minister for Finance and Revenue, Muhammad Aurangzeb, participated in investor forums organized by Citibank, Standard Chartered, and JP Morgan, where he discussed Pakistan’s economic progress over the past fiscal year and outlined significant reforms across various sectors. During the events, the Minister engaged with international investors, sharing insights into the country’s strategic reforms aimed at enhancing economic stability and growth.
According to Press Information Department, Aurangzeb expressed satisfaction with the positive trajectory of Pakistan’s economic indicators, citing substantial reforms in taxation, energy, state-owned enterprises, and government right-sizing. He highlighted the cooperative role of provincial governments in improving the tax-to-GDP ratio through the National Fiscal Pact. The Minister also detailed ongoing transformations within the Federal Board of Revenue, focusing on enhancements in personnel, processes, and technology. Addressing queries from investors, Aurangzeb spoke about developments related to the Sovereign Wealth Fund, Special Economic Zones, and ongoing negotiations for Power Purchase Agreements with Chinese independent power producers, signaling a proactive approach to attracting foreign investment and bolstering economic activities in Pakistan.