Pakistan pledged to implement reforms in several important areas: FinMin

Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, has reiterated the government’s resolve to continue with its tax, energy, State Owned Enterprise (SOE), and privatisation reforms.

On the sidelines of the ongoing World Bank-IMF Annual Meetings, Senator Aurangzeb emphasised that the nation had achieved macro-economic stabilisation while speaking to the MENAP Ministers and Governors Meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, according to a news release.

In addition to expressing satisfaction with the Staff Level Agreement (SLA) struck with the IMF, the minister reaffirmed the government’s commitment to continuing the reforms in energy, taxation, SOEs, and privatisation.

The country’s digital transformation path and the government’s tariff policy, which aims to enhance exports and increase competitiveness, were also underlined by the minister.

He encouraged foreign investment in Pakistan’s mining, minerals, digital infrastructure, agriculture, oil and gas, and pharmaceutical industries.

At the same time, the Finance Minister took part in the Citibank-sponsored Citi Macro Forum, which was also attended by the Governor of State Bank of Pakistan (SBP) and the Secretary of Finance.

The minister gave investors an update on the monetary, fiscal, and external fronts while speaking to the Forum.

He also emphasised that strict monetary management, structural reforms, and successful stabilisation measures have supported the upward momentum.

The minister said that the Staff Level deal with the IMF had been concluded and emphasised the success of the trade deal negotiations with the United States.

During the Q&A session, he also answered questions from the investors.