ISLAMABAD, AUGUST 7: Updates on Pakistan’s economic performance was provided by the minister, who noted growth in tax revenue, higher remittances, and foreign exchange reserves of more than $9 billion. He highlighted Pakistan’s stable economic climate and the good assessment given it by foreign credit rating agencies.
The minister also spoke about the successful completion of the nine-month SBA with the IMF and the newly completed staff-level agreement for a 37-month program with the IMF. He also described current projects, such as the Federal Board of Revenue’s (FBR) end-to-end digitalization to increase the tax base, energy sector reforms, state-owned enterprise (SOE) restructuring, and an emphasis on export-led growth. The long-term growth and improvement of economic stability are the goals of these programs.
The Finnish Ambassador acknowledged the better financial standing of Finnish businesses doing business in Pakistan and expressed his gratitude for Pakistan’s economic reforms. The minister expressed gratitude to the ambassador for Finland’s ongoing cooperation in extending Pakistan’s GSP Plus status, which helps the export industry in that nation.
The discussion emphasized Pakistan and Finland’s solid bilateral ties as well as their shared dedication to promoting economic growth and stability.
