ISLAMABAD: The Federal Finance Minister Muhammad Aurangzeb said that the Pakistan economic indicators are improving with each passing day, as inflation and the current account deficit have been brought under control.
Speaking at an online meeting with the representative from S&P Global Ratings, Aurangzeb underscored that Pakistan’s financial stability had weathered the storm. The minister detailed government-led reforms and highlighted that foreign exchange reserves were set to surge to $14 billion by June. Furthermore, he noted the tax-to-GDP ratio was projected to hit 10.6, bolstering fiscal robustness, with primary balance and current account surpluses in the bag. In addition, the minister stressed the importance of boosting exports and ramping up productivity capacity to spark comprehensive growth. The measures taken by the country leadership regarding economic stability have been lauded by IMF and international partners and hoped that this situation will further improve in the upcoming days.
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