ISLAMABAD (Business Desk): Finance Minister Muhammad Aurangzeb has expressed optimism that Pakistan’s economic growth rate could reach 4 per cent or higher during the current fiscal year.
The finance minister attended a roundtable meeting of sovereign investors, where he briefed international investors on Pakistan’s economic situation and recent developments.
According to a statement issued by the Ministry of Finance, the meeting highlighted that Pakistan had successfully maintained a primary fiscal surplus for three consecutive years. The reduction of the fiscal deficit to its lowest level in 22 years and the improvement in the country’s sovereign credit ratings were also noted.
Participants discussed the importance of reducing debt-servicing costs and extending debt maturities. The meeting also reviewed foreign exchange reserves, inflation and the overall state of the external sector.
According to the statement, energy security, targeted relief for vulnerable segments of society and financial support related to climate change were also discussed.
Finance Minister Muhammad Aurangzeb reaffirmed the government’s commitment to continuing economic reforms, saying the government expected Pakistan’s economic growth rate to reach 4 per cent or higher in the current fiscal year.