Islamabad: Finance Minister Muhammad Aurangzeb affirmed the government’s dedication to structural reforms in a meeting with a group of investors from Barclays. The minister detailed the ongoing and planned reforms aimed at enhancing the core sectors of the economy, including energy, state-owned enterprises, privatization, taxation, and rightsizing of government.

According to Ministry of Information and Broadcasting, during the meeting, Minister Aurangzeb provided an extensive overview of various policy interventions and the significant progress made over the past year. He highlighted improvements in macroeconomic indicators such as the reduction of twin deficits, stabilization of the currency, growth in foreign exchange reserves, and a substantial decrease in inflation.

The minister also discussed the implementation of a National Fiscal Pact aimed at coordinating reform efforts across the federation and its constituent units, emphasizing the pivotal role of the private sector in leading economic growth under a stable policy framework. He noted that recent data showing a drop in inflation from last year’s high of 38 percent to a 44-month low of 6.9 percent in September underscores the effectiveness of these reforms.

The Barclays delegation expressed appreciation for the structural reforms and the visible stability across various sectors, showing a keen interest in exploring further investment opportunities to contribute to Pakistan’s economic growth.