HomeBusinessAurangzeb vows to achieve...

Aurangzeb vows to achieve sustainable economic growth

Finance Minister Muhammad Aurangzeb has reaffirmed government’s commitment to achieving sustainable and inclusive economic growth by enhancing productivity and promoting exports.

During a Zoom meeting with representatives of Standard and Poor (S&P) Global Ratings, he emphasized the continuity of reforms across key sectors including taxation, energy, state-owned enterprises (SOEs), privatization, public finance management, rightsizing of government functions, and more active debt management strategies.

He said the country’s foreign exchange reserves are projected to reach fourteen billion dollars by the end of June, supported by upcoming institutional and trade inflows, strong remittances and easing oil prices.

In another Zoom meeting with the office bearers and members of Overseas Investors Chamber of Commerce and Industry, Muhammad Aurangzeb underscored that progress had been made in stabilizing economy through disciplined fiscal management, improved coordination between federal and provincial governments and strengthened institutional mechanisms.

He reiterated that government is committed to a policy direction that not only sustains macroeconomic stability but also encourages long-term private sector-led growth.

OICCI acknowledged government’s efforts in engaging international partners and welcomed the sustained policy focus on structural reforms and investor confidence.

It also noted early signs of improved investor sentiment and reaffirmed its willingness to work with the government to reinforce economic progress.

Source link

- A word from our sponsors -

spot_img

Most Popular

More from Author

- A word from our sponsors -

spot_img

Read Now

RBI MPC Likely To Stay On Extended Pause; Rate Cuts To Depend On Inflation Trend: Report

New Delhi: The Reserve Bank of India's Monetary Policy Committee (MPC) is likely to remain on an extended policy pause after its recent rate cut, with any further monetary easing contingent on inflation consistently undershooting its current trajectory, ICICI Bank's Economic Research Group has asserted, after analysing...

In a first, wheelchair user flies into space

A person who uses a wheelchair blasted off into space for the first time Saturday, taking a brief ride...

3I/ATLAS Viewing Guide: When And Where To See Tonight’s Rare Interstellar Comet Online And In The Sky | Science & Environment News

Comet 3I/ATLAS, the third interstellar object ever discovered, will pass closest to Earth overnight between Thursday and Friday, December 18–19. While the rare visitor from another star system poses no threat to Earth, it offers astronomers and skywatchers a unique chance to observe an object that originated...

Rob Reiner’s close friends and colleagues share fond memories of the late Hollywood legend

Rob Reiner's circle was wide and eclectic, spanning comedians honing punchlines and Oscar-winning actors and filmmakers shaping Hollywood itself. As the son of comedy legend Carl Reiner, he entered the world of entertainment early, but went on to make a name for himself as...

FTSE 100 in the green after lower-than-expected US inflation figures

Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines...

Inside Kourtney Kardashian, Travis Barker family holiday dinner

Kourtney Kardashian and Travis Barker turned their blended family’s holiday dinner into a health‑conscious feast thanks to their private...

India-Oman CEPA rollout: Trade pact may take effect in three month; Piyush Goyal flags faster execution

India and Oman are aiming to operationalise their recently signed Comprehensive Economic Partnership Agreement (CEPA) within the next three months, Commerce and Industry Minister Piyush Goyal said on Friday, signalling a faster rollout than several past trade pacts, PTI reported.The India–Oman free trade agreement was...

BBC Inside Science – How did President Trump transform science in 2025?

Available for 34 daysThis week President Trump’s director of the Office of Management and Budget announced that a major climate research centre would be broken up. 2025 has brought a wave of reorganisations and funding cuts, reshaping the ways science is done in the USA. Veteran science...