Finance Minister Muhammad Aurangzeb assured that Pakistan is fully prepared to handle any economic fallout from Middle East tensions. Speaking at a national workshop in Islamabad, he said the government recently held meetings with key officials. These meetings focused on stock reserves and keeping asset prices stable in case of regional escalation.
The minister expressed confidence in Pakistan’s readiness, saying the country is in a strong position if things get worse. He added, “We are in a good place if more action is needed, but I hope it won’t be.” His remarks aimed to calm public concern over rising geopolitical risks and their economic impact.
Aurangzeb also discussed Pakistan’s trade ties with the United States. He shared details of a recent meeting with US Commerce Secretary Howard Lutnick. Talks focused on easing tariffs and making sure Pakistan remains competitive in global trade. He said both countries are working together to improve their economic partnership.
The minister addressed ongoing trade challenges, especially the high reciprocal tariffs introduced during Donald Trump’s presidency. These 29% tariffs have affected Pakistan’s exports. However, efforts are now being made to resolve these issues through reforms and diplomacy.
In addition, Aurangzeb emphasized the government’s broader reform agenda. Key areas include energy, tax, and state-owned enterprises. He pointed out that pension payments have crossed one trillion rupees, now exceeding development spending. Despite challenges, he stressed the government’s firm commitment to long-term economic growth.