Pakistan reaffirms commitment to economic reforms implementation

Finance Minister Muhammad Aurangzeb emphasized the importance of implementing economic reforms as part of the agreement with the IMF during a meeting with the IMF Director. The government is committed to fiscal consolidation, revenue expansion, energy and SOE reforms to transition Pakistan from stabilization to growth. The minister also discussed plans to bring tax evaders into the tax net, rely on investment rather than aid, privatize loss-making state-owned enterprises, and reduce federal government expenditures. He also met with Saudi and US officials to deepen economic ties and briefed them on Pakistan’s economic stabilization and reform efforts.