ISLAMABAD: Finance Minister Muhammad Aurangzeb says Pakistan’s macroeconomic indicators are showing signs of stabilization and recovery.
Talking to British High Commissioner Jane Marriott in Islamabad today, he said economic growth in the first quarter of the current fiscal year reached 3.7 percent, with improvements in large-scale manufacturing and resilience in the agriculture sector.
He underscored that the government is now focused on transitioning from stabilization to sustainable and inclusive growth while addressing social challenges such as unemployment and poverty.
Regarding Pakistan’s ongoing economic reform agenda and engagement with the International Monetary Fund, the Finance Minister noted that the government remains committed to meeting programme benchmarks and advancing structural reforms, particularly in the areas of tax policy, revenue mobilization, governance, and institutional transparency.
The Finance Minister briefed the High Commissioner on the government’s proactive approach to managing potential economic implications arising from evolving regional developments.
He emphasized that Pakistan currently maintains adequate reserves and supply arrangements, noting that the government is undertaking scenario planning and sensitivity analysis in case the regional situation persists.
The Finance Minister emphasized that Pakistan is committed to maintaining policy consistency, strengthening governance frameworks, and creating a conducive environment for domestic and foreign investment.
In her remarks, Jane Marriott appreciated the government’s commitment to economic reform and reiterated the United Kingdom’s continued support for Pakistan’s efforts toward macroeconomic stability and long-term growth.
She noted that the UK remains a strong partner in Pakistan’s development and economic transformation, including through support for reform initiatives, private sector engagement, and technical cooperation.
Both sides reaffirmed their commitment to further strengthening Pakistan-UK economic cooperation and maintaining close coordination on economic and development priorities.
