Might 13, 2025 (MLN): Pakistan’s financial future lies in export-led progress, which is the one sustainable path ahead, Finance Minister Senator Muhammad Aurangzeb affirmed throughout a gathering with main exporters and enterprise leaders in Islamabad.

The delegation was led by Shabbir Deewan, former Chairman of the Pakistan Enterprise Council.

Highlighting the urgency of shifting away from recurring boom-and-bust financial cycles, the Finance Minister emphasised that each one sectors should play a job in driving productiveness and outward-looking financial insurance policies.

He warned that with out significant reform, Pakistan may face the prospect of returning to the Worldwide Financial Fund for what can be its twenty fifth program.

Aurangzeb underscored the necessity to dismantle the present protectionist regime to foster real, market-based competitiveness, in accordance with the press launch issued at the moment.

“The time for pointless safety is over,” he mentioned, noting that the Prime Minister is personally overseeing efforts to speed up this shift.

The Minister identified that addressing structural hurdles resembling excessive borrowing prices, elevated vitality tariffs, and a sophisticated tax system is crucial for enabling home trade to compete globally and steer the nation towards export-driven prosperity.

He additional revealed that the upcoming federal funds is being drafted as a strategic roadmap, aligning fiscal priorities with long-term targets of sustainable financial progress centered on exports.

The dialogue additionally included a overview of the federal government's Tariff Rationalisation Program, which seeks to get rid of inconsistencies and obstacles that impede enterprise effectivity.

Representing the non-public sector, Shabbir Deewan expressed assist for the federal government’s reform agenda and emphasised the necessity for better coverage consistency and predictability.

Finance Minister Aurangzeb concluded by assuring that enter from all stakeholders can be included in shaping the subsequent part of financial reforms.

He careworn that sturdy public-private collaboration is important to constructing a resilient, productive, and globally built-in economic system.

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Posted on: 2025-05-13T16:51:34+05:00

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