Pakistan has reiterated its desire to join the BRICS grouping, with Finance Minister Muhammad Aurangzeb saying the country could play a constructive and meaningful role within the bloc as it deepens engagement with emerging global economic platforms.
In separate interviews with Azerbaijan’s Report Information Agency (REPORT) and Russia’s RIA Novosti, Aurangzeb outlined Pakistan’s economic priorities, investment outlook and expanding cooperation with regional and international partners. He stressed that the government remains focused on macroeconomic stability, trade expansion and sustainable, investment-led growth.
Speaking to RIA Novosti, the finance minister said Pakistan’s interest in BRICS aligns with its active participation in the Shanghai Cooperation Organisation (SCO). He noted that Pakistan is closely watching discussions around alternative cross-border payment systems and would explore such mechanisms as its engagement with BRICS evolves.
Aurangzeb emphasised that macroeconomic stability remains the government’s top priority, as investor confidence depends on currency stability, smooth profit repatriation and overall economic certainty.
He said Pakistan’s foreign exchange reserves are improving and nearing coverage of almost three months of imports, which he described as essential for investor assurance. He added that sovereign guarantees and export credit agency support could be considered on a project-by-project basis.
On digital assets, Aurangzeb said the central bank is evaluating digital currencies amid growing crypto-related activity in Pakistan. He said the government aims to regulate the sector through a virtual assets regulatory authority while managing risks related to capital flows and compliance.
The finance minister also highlighted the potential of artificial intelligence in sectors such as agriculture, finance and healthcare, noting Pakistan’s large freelancer base could benefit significantly. He expressed interest in learning from Russia’s experience in applying AI in public finance.
In his interview with REPORT, Aurangzeb highlighted strengthening economic ties with Azerbaijan, noting Baku’s expressed interest in investing nearly $2 billion in Pakistan, particularly in energy, oil and gas, and mining. He said discussions are underway on several projects, reflecting growing investor confidence.
