Finance Minister Muhammad Aurangzeb has announced that the country's current account deficit is witnessing a significant decrease.
During his address to the Pakistan-Saudi Arabia Business Forum in Islamabad, Aurangzeb shared that his ministry is actively implementing critical reforms aimed at stabilizing the economy and ensuring long-term growth.
Highlighting recent achievements, Aurangzeb noted that Pakistan’s credit rating has seen an improvement. The minister attributed this progress to ongoing reforms and partnerships with the private sector, emphasizing that such collaborations are essential for stabilizing the economy.
He also mentioned a steady rise in foreign exchange reserves, along with an improvement in the value of the Pakistani rupee. "The nation is progressing on the path of economic recovery, and inflation is continuously declining," Aurangzeb stated.
He further claimed that under the leadership of Prime Minister Shehbaz Sharif, Pakistan’s economy has seen consistent growth, and efforts to improve it remain a top priority for the government. Aurangzeb noted that basic reforms will have to be brought for sustainable economic stability.
The finance minister further highlighted that the ongoing IMF program is playing a vital role in maintaining economic stability. He expressed optimism that the program, along with national reforms, will yield positive results, fostering a more resilient and stable economy.
