Finance Minister Muhammad Aurangzeb said inflation will stay under control despite the ongoing flood emergency. He credited falling oil prices for easing imported inflation. The minister shared this outlook during a meeting with the Pakistan Business Council (PBC). The delegation was led by CEO Javed Kureishi and Chairperson Dr. Zeelaf Munir.
Aurangzeb discussed the government’s flood response, which includes rescue, relief, and rebuilding. He said the government is learning from the 2020 floods to improve efforts. He also noted that damage assessments are underway. The minister emphasized that rebuilding infrastructure is a top priority. He assured that support will reach affected areas quickly.
On inflation, Aurangzeb said the government is closely monitoring prices. A Steering Committee on Inflation has already met under his leadership. The second meeting is scheduled later this week. He said reduced oil prices are helping control cost pressures. He remained confident that inflation would not spiral.
The minister also highlighted the government’s reform agenda. These include privatising State-Owned Enterprises and restructuring the public sector. He said infrastructure upgrades to ports, roads, and rail are essential. These changes will boost trade and support long-term growth. He also discussed ongoing trade talks with the US, calling them promising for exporters.
Aurangzeb shared positive outcomes from the prime minister’s China visit. These include strategic talks, business meetings, and signed MoUs. He also announced the relocation of the Tax Policy Office to the Finance Division. The PBC praised the government’s direction and pledged support in future policymaking. They agreed to continue close cooperation with the ministry.