Federal Finance Minister Muhammad Aurangzeb addressed the PMRC conference Wednesday, shedding light on Pakistan's significant economic achievements over the past 12 to 14 months.
He highlighted that the country had successfully moved away from a dual deficit and has been reporting budget surpluses for several consecutive months.
Minister Aurangzeb further pointed out that foreign exchange reserves, which had previously fallen to cover only two weeks of exports, have now risen to cover two and a half months of exports.
He attributed this recovery to the government’s focused economic policies and stability measures.
Finance minister's remarks reflect a positive trajectory for Pakistan's economy as it navigates through challenges and strives for sustained growth.
Muhammad Aurangzeb has said the country has made significant progress on the economic front over the past year.
He highlighted the stability of the currency and increase in foreign exchange reserves. He noted that foreign exchange reserves now cover two and a half months of imports. Additionally, inflation has decreased to 4.9 percent.
Finance Minister also assured full support for the private sector in the development of the housing sector.
He emphasized that housing is a critical pillar of inclusiveness and stressed the need to simplify procedures for house financing.
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