ISLAMABAD: Pakistan Finance Minister Muhammad Aurangzeb has said that the country has achieved macroeconomic stabilization and is now focused on sustaining growth through structural reforms and digital transformation.
According to a statement issued by the Ministry of Finance, the finance minister made these remarks during a meeting with IMF Managing Director Kristalina Georgieva, as well as finance ministers and central bank governors from the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region in Washington, D.C.
In his address as a lead speaker, Aurangzeb expressed satisfaction over the staff-level agreement reached with the IMF under the Extended Fund Facility (EFF) and reaffirmed Islamabad’s commitment to continuing reforms in taxation, energy, state-owned enterprises (SOEs), and privatization.
He underscored that the government’s ongoing digital transformation and tariff policy are designed to enhance industrial competitiveness and boost exports, which are key to sustaining Pakistan’s economic recovery.
“Pakistan remains committed to staying the course on reforms and unlocking growth through modernization, efficiency, and private sector-led investment,” the minister said.
Aurangzeb also invited international investors to explore opportunities in minerals, mining, digital infrastructure, agriculture, oil and gas, and pharmaceuticals, highlighting the government’s focus on creating an enabling business environment.
The remarks came a day after the IMF announced a staff-level agreement with Pakistan, paving the way for a disbursement of about $1.2 billion under the EFF.
The Fund noted that Pakistan’s recovery remains on track, supported by prudent fiscal management, a current account surplus, and stabilizing inflation.
The IMF’s previous support in September 2024 had helped stabilize Pakistan’s $370 billion economy after a severe crisis that weakened the currency and strained reserves, according to Reuters.