Federal Finance Minister Muhammad Aurangzeb has stressed that Pakistan’s private sector will play the most critical role in driving the country’s economy forward and ensuring sustainable development.

Speaking to the media in Karachi, the finance minister said economic recovery cannot be achieved without private sector leadership. “As the economy recovers and we move towards sustainable growth, the private sector will have the most important role in moving the country forward,” he noted.

Opportunities in AI, tourism and youth employment

Aurangzeb highlighted that artificial intelligence is opening new avenues for growth, but reminded that “there is no shortcut to hard work for humans.”

He emphasised tourism as a vital sector with huge untapped potential. “People from all walks of life and religions must work together to promote tourism, as it can create countless new opportunities,” he added.

During his visit to a job fair in Karachi, the minister praised the initiative, saying such events help bridge the gap between youth and employers in both government and private institutions.

He urged young people to focus on hard work, sharpen their skills, and actively contribute to the economy.

Macro stability and inflation outlook

Aurangzeb also credited the State Bank of Pakistan (SBP) for managing inflation effectively. “The State Bank has controlled inflation in the best way, and the situation will improve further in the coming years,” he said.

He pointed out that Pakistan has gained renewed confidence from international credit rating agencies, calling it a sign of growing stability. “Micro-stability is creating space, and for the first time, three agencies have come together and trusted Pakistan,” the minister remarked.