Pakistan has entered a stable economic phase as export-led growth gains momentum, Finance Minister Muhammad Aurangzeb said. He said strong reforms restored global and local investor confidence. The shift marks a move away from crisis management toward sustainable growth.
Speaking to USA Today, Aurangzeb said consistent policies rebuilt economic credibility. As a result, Pakistan posted a primary budget surplus after several years. Moreover, the country also achieved a current account surplus. These gains signal improving macroeconomic stability.
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Meanwhile, inflation fell sharply from nearly 38 percent to single digits. In addition, foreign exchange reserves crossed 14.5 billion dollars. Aurangzeb said fiscal and monetary reforms delivered these results. Therefore, economic indicators now show growing resilience.
The minister said the government is shifting from consumption-driven growth to exports. Notably, IT exports crossed four billion dollars. They could double within five years, he added. Furthermore, reforms in tax, energy, and state-owned enterprises continue.
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Aurangzeb said privatization and tariff reforms will boost competitiveness. He highlighted agriculture, mining, and the digital economy for investment. The Reko Diq copper project attracts strong global interest. Finally, he said Pakistan is ready for trade and long-term investment.