Cambridge: Pakistan’s Finance Minister, Senator Mohammad Aurangzeb, announced significant strides in the country’s economic recovery at the Pakistan Conference 2025 held at Harvard University. Addressing the largest student-led conference on Pakistan in the United States, Aurangzeb outlined the economic turnaround, inviting global investors to participate in the nation’s journey towards inclusive growth.

Aurangzeb presented a picture of renewed economic stability, noting the stabilization of foundational economic indicators and a revival of growth. The conference, titled “Bridging Divides, Building Tomorrow: Pakistan’s Path to Inclusive Growth and Governance,” served as a key platform for discussion among policymakers, academics, business leaders, and students.

Key achievements highlighted by the Finance Minister included a historic reduction in inflation to 0.7%, the lowest in six decades, and a significant increase in foreign exchange reserves. The country also experienced a 44% rise in Foreign Direct Investment and a 24% boost in IT exports. In March 2025, Pakistan recorded a current account surplus of over $1 billion.

The Finance Minister emphasized the government’s strategy, focusing on fiscal discipline, controlling inflation, and implementing structural reforms across various sectors. Aurangzeb also pointed out opportunities for growth in sectors such as mineral resources, IT, and green energy, stressing the importance of human development for sustainable growth.

Pakistan’s debt management efforts were highlighted, with a reported reduction in the public debt-to-GDP ratio from 75% to 67.2%. The government aims to decrease this further below 60% through fiscal management and tax reforms. Efforts to rightsizing government expenditures and privatizing state-owned enterprises are expected to contribute significantly to GDP savings.

Aurangzeb also discussed plans to enhance Pakistan’s financial sector by expanding digital banking and capital markets. On climate change, he reaffirmed Pakistan’s resolve to integrate resilience into infrastructure and agriculture, citing partnerships with the IMF and World Bank as vital components in this effort.

In conclusion, Aurangzeb expressed optimism about Pakistan’s future, underscoring the government’s commitment to reform and modernization as key drivers for a stronger and more competitive nation.