KARACHI – Finance Minister Muhammad Aurangzeb said on Tuesday that Pakistan’s economy was in a “good spot”, crediting the country’s recent stability to improved macroeconomic indicators and “geopolitical tailwinds”.
Speaking virtually at the Pakistan International Maritime Expo and Conference 2025 (PIMEC-25) in Karachi, Aurangzeb said the combination of economic recovery and strong international partnerships had created an opportunity for Pakistan to attract more trade and investment flows.
“Where we are as a country, we find ourselves in a good spot at this point and time because there is a confluence of factors,” he said. “Our traditional partners, who have helped us through thick and thin, are now offering opportunities that we should leverage to move from government-to-government discussions to trade and investment flows.”
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The finance minister also described the blue economy as a “game changer” for Pakistan’s future, noting that the country had received “external validation” from international rating agencies, which have upgraded Pakistan’s outlook to stable.
Aurangzeb said that Pakistan’s participation in the ongoing International Monetary Fund (IMF) programme reflected growing global confidence in its economic management. “Improved trade and investment flows expected in the coming months will help the country move toward sustainable growth,” he added.
Discussing Pakistan’s blue economy, Aurangzeb said it currently contributes about 0.4 to 0.5 per cent of GDP — roughly $1 billion — but has the potential to reach $100 billion by 2047. He highlighted fisheries, aquaculture, port modernisation, renewable energy, and marine biotechnology as key growth areas.
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He assured investors of policy consistency, saying, “Whatever we say, we see it through the cycle.” Aurangzeb also suggested introducing blue bonds and blended financing mechanisms to fund sustainable maritime projects.
The minister concluded by expressing optimism about Pakistan’s economic transformation through sustainable and innovation-driven growth, calling the blue economy “a transformational and the right ambition” for the country’s future.