FinMin lists the federal government’s economic accomplishments.
He emphasized that the nation had effectively avoided a dual deficit and had been announcing budget surpluses for a number of months in a row.
Foreign exchange reserves, which previously covered only two weeks’ worth of exports, have now increased to cover two and a half months’ worth of exports, Minister Aurangzeb added.
He credited the government’s targeted stability and economic initiatives for this recovery.
As Pakistan’s economy works through obstacles and aims for steady growth, the finance minister’s comments show that the country is headed in the right direction.
The nation’s economy has advanced significantly in the last 12 months, according to Muhammad Aurangzeb.
He emphasized the growth in foreign exchange reserves and the currency’s stability. According to him, foreign exchange reserves can currently fund imports for two and a half months. Furthermore, the rate of inflation has dropped to 4.9%.
Additionally, the finance minister pledged complete backing for the private sector’s growth in the housing industry.
He underlined the importance of housing as a foundational element of inclusivity and the necessity of streamlining home financing processes.