WEBDESK: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has said that Pakistan has reached a critical juncture of economic recovery and transformation. At the Pakistan Conference 2025 held at Harvard University Muhammad Aurangzeb revealed the substantial accomplishments achieved during present government rule.
In his address, Finance Minister Muhammad Aurangzeb cited key achievements and said that the country has seen a historic decline in inflation to 0.7 percent, the lowest level in 60 years. Foreign exchange reserves have doubled, the currency has appreciated by 3 percent, while the current account surplus has crossed $1 billion in March 2025.
“After inheriting an economy facing significant challenges — from contracting GDP to depleting reserves — we have stabilised the fundamentals, restored confidence, and reignited growth, ” Aurangzeb said at “Bridging Divides, Building Tomorrow: Pakistan’s Path to Inclusive Growth and Governance” conference at the varsity.
He also noted a 44% rise in foreign direct investment (FDI), a 24% increase in IT exports, and record remittances from overseas Pakistanis. For the first time in 24 years, Pakistan has achieved a fiscal surplus, which is the highest primary fiscal surplus in 2 decades. He said that global credit rating agency Fitch has upgraded Pakistan’s sovereign credit rating to B with a stable outlook.
The finance minister emphasized that achieving stability is not the final goal, but the starting point.
He identified Pakistan’s valuable mineral resources together with its expanding IT sector and green energy role and the country’s young populations as prime growth potentials. High and inclusive development requires human development to be strengthened as a fundamental survival mechanism.
The planned privatisation of public enterprises through government spending projects will generate potential annual savings reaching 2 percent of GDP while focusing on creating open processes and transparent practices to attract investors.
Muhammad Aurangzeb outlined plans for deeper structural reforms in taxation, governance, energy, and the management of state-owned enterprises. He stressed the importance of boosting human development to ensure long-term, inclusive growth.
“Pakistan’s future will be shaped by bold, necessary choices. By investing in our people, modernising our economy, and staying committed to reform, Pakistan will emerge stronger, greener, and more competitive,” concluded the finance minister.
Read more: Pakistan eyes $4 billion in IT exports for FY25 amid industry optimism
