ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb has said the government is committed to structural reforms in the sectors of economy, privatization, energy, taxation and rightsizing of the government.
He made the remarks while talking to a group of investors led by Barclays, who called on him in Islamabad on Tuesday.
The Minister briefed the delegation on policies and initiatives implemented during the past 12 months to reform the economy and also gave them an overview of the growth and macroeconomic stability in major economic indicators, including stable currency, foreign exchange reserves, twin deficits and inflation that remained a big story throughout the year.
He also informed the visiting delegation about different steps to implement the reforms agenda, including the signing of a National Fiscal Pact between the federation and its four units to implement reforms in different key sectors. He added the private sector has to lead the growth with the policy framework and continuity provided by the government.
The Minister said a big drop in the inflation figures from 38 percent to 6.9 percent is a strong indicator of economic recovery in Pakistan.
The delegation appreciated the stability and structural reforms visible in different sectors of the economy and showed keen interest in exploring opportunities for participating in the growth of Pakistan’s economy through investment and business partnerships.
