Finance Minister Muhammad Aurangzeb emphasized the growing confidence of investors in Pakistan’s economic trajectory during a press conference in Islamabad on Tuesday.
He highlighted the recent successful visit of a Saudi delegation as a testament to this confidence, citing positive outcomes from the visit.
Minister Aurangzeb expressed optimism about the country’s direction, praising the agriculture sector’s remarkable growth and noting improvements in key economic indicators such as foreign exchange reserves and inflation reduction.
With expectations of an imminent visit by an International Monetary Fund (IMF) team, the Finance Minister reaffirmed Pakistan’s commitment to fostering macroeconomic stability and implementing structural reforms.
“Our primary objective remains the enhancement of the tax-to-GDP ratio to thirteen to fourteen percent, alongside crucial reforms in the energy sector and the reduction of losses incurred by state-owned enterprises,” he emphasized.
Regarding pension liabilities, Minister Aurangzeb assured comprehensive reforms, stating that they would be implemented across the board with parliamentary consensus. “A committee, chaired by the Finance Minister, is diligently working on pension reforms, which will require legislative measures,” he explained.
Law Minister Azam Nazeer Tarar echoed the government’s commitment to pension reforms, ensuring fair and sustainable solutions. “Pension reforms will be transparent, inclusive, and supported by a legislative framework,” he confirmed.
Minister for Information and Broadcasting Attaullah Tarar echoed the government’s proactive stance on pension reforms, assuring transparency in the decision-making process.
“We are actively considering proposals to alleviate the pension burden, including discussions on service length and their application across all institutions,” he added, promising timely updates on the matter.
