ISLAMABAD: Pakistan and Germany discussed ways to strengthen economic cooperation in trade, investment, and development during a high-level meeting held at the Finance Division, signaling renewed momentum in bilateral economic ties.
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met Germany’s Ambassador to Pakistan, Ina Lepel, to review the overall state of relations and assess progress on ongoing economic reforms.
Focus on reforms and growth-oriented priorities
During the meeting, the finance minister outlined the government’s core economic priorities, including maintaining macroeconomic stability, ensuring fiscal sustainability, and promoting growth driven by competitiveness.
Minister stressed that the government has introduced targeted measures to support economic recovery, expand export capacity, and implement structural reforms aimed at achieving inclusive and sustainable development. He added that Pakistan remains committed to creating a predictable policy environment that encourages long-term investment and strengthens investor confidence.
The discussion also covered revenue and taxation reforms, with both sides emphasizing the importance of broadening the tax base, improving compliance, and enhancing efficiency through the use of technology and data-driven systems. Officials noted that effective tax administration plays a crucial role in supporting development spending and strengthening public finances.
Business confidence and institutional strengthening highlighted
Ambassador Ina Lepel welcomed Pakistan’s reform efforts and shared feedback from the German business community, which underscored the need for policy clarity and consistent engagement between stakeholders and public institutions. She noted that transparent dialogue and reliable implementation mechanisms can significantly improve the investment climate.
Both sides agreed to maintain close engagement to ensure that policy objectives remain clear and that implementation supports sustainable economic growth. The meeting also addressed administrative and institutional measures to modernize systems, improve service delivery, and facilitate business activity.
Additionally, the two officials exchanged views on regional and global economic conditions, recognizing shared challenges and emerging opportunities. They reaffirmed the longstanding partnership between Pakistan and Germany and expressed commitment to further cooperation in support of economic reforms and mutually beneficial development.
