Karachi: Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, during his visit to the Overseas Investors Chamber of Commerce and Industry (OICCI) in Karachi, announced that the country’s economy is on a positive trajectory, with sustainable growth expected to be driven by the private sector. He highlighted the government’s commitment to providing a supportive business environment and investment ecosystem.

According to Press Information Department, the Finance Minister outlined six key economic priorities, including achieving macroeconomic stability, transitioning from stabilization to growth driven by productivity and investment, and shifting from aid to trade and investment. He emphasized the importance of structural reforms and expanding access to finance for SMEs and underserved segments.

Senator Aurangzeb noted significant progress in the economy, citing the recovery from a prior contraction and the importance of consolidating these gains. He stressed the need for growth to be driven by productivity, exports, and employment rather than consumption-led expansion.

The Finance Minister also highlighted domestic investment opportunities, referencing a recent transaction where local business groups mobilized US$1.2 billion. He underscored the government’s role in creating a business-friendly environment and attracting foreign investment, especially in sectors like mining, technology, and agriculture.

Efforts to reform taxation and energy sectors, alongside expanding revenue mobilization and taxpayer facilitation, were also discussed. He pointed to the increase in tax filers as evidence of progress in tax administration.

Senator Aurangzeb emphasized the government’s focus on expanding financing for SMEs and housing, mentioning the Prime Minister’s Apna Ghar Programme, and the importance of deepening capital markets to channel domestic savings into productive investments.

He concluded by reiterating the government’s commitment to shifting economic relationships from aid to trade and investment, and positioning Pakistan for the digital economy. The Minister expressed confidence in the private sector’s ability to drive economic growth, with government support focused on policy continuity and sound governance.