Islamabad, Sep 11: Muhammad Aurangzeb, the federal minister of finance and revenue, reiterated Pakistan’s dedication to an indigenous economic strategy based on extensive institutional reforms in several important economic areas.
The Minister said these things when the Kingdom of Saudi Arabia’s ambassador, Nawaf Bin Said Al-Malki, visited him in the Finance Division today.
Nawaf Bin Said Al-Malki reaffirmed the Kingdom’s steadfast commitment to supporting Pakistan’s economic progress and praised the Government of Pakistan’s efforts in implementing institutional and structural reforms.
The finance minister underlined those structural changes, which are a mainstay of the government’s policy agenda, are essential to guaranteeing stable and sustainable economic growth.
While praising the Kingdom of Saudi Arabia for its ongoing economic support of Pakistan, Aurangzeb also noted the revived enthusiasm of Saudi businessmen in developing joint ventures and commercial partnerships with Pakistan’s private sector.
With the help of important indicators including currency stabilization, declining inflation, a rise in remittances, careful management of the current account deficit, and foreign exchange reserves big enough to cover two months’ worth of imports, Aurangzeb described Pakistan’s promising economic trajectory.
