The government has briefed foreign diplomats on recent economic reforms and energy sector developments, signalling renewed confidence in the country’s fiscal trajectory and investment potential.
According to details surfaced on Tuesday, Minister of State for Finance Bilal Azhar Kayani said that the primary surplus reached 3.1 per cent, while inflation fell to 4.5 per cent – the lowest level in nine years. The policy rate dropped from 22 per cent to 11 per cent, and the current account registered a surplus of USD 2.1 billion – the highest in 22 years. Foreign exchange reserves exceeded USD 20 billion.
Kayani said that the gross domestic product grew by 2.7 per cent and per capita income rose to USD 1,824. He emphasised that Pakistan's economy had moved from stabilisation towards structural reform. The Ministry of Finance noted improvements in credit ratings and a revival of confidence in the stock market. Ministers assured envoys that Pakistan remained committed to reforms in line with global standards.
The Federal Board of Revenue (FBR) chairman Rashid Mahmood Langrial, presented the FBR's transformation plan to foreign ambassadors. He reported a rise in the tax-to-GDP ratio to 10.24 per cent – the highest in the country’s history – compared to 8.8 per cent in 2024. Langrial also reported a 46 per cent increase in net tax collection.
Federal Minister for Energy Sardar Awais Ahmad Khan Leghari, outlined energy reforms and invited global companies to participate in future energy projects. He stated that the energy sector offered investment opportunities worth USD 2–3 billion. According to Leghari, a new phase of reform had begun, with notable improvements in electricity transmission and a reduction in technical losses.
He said progress in stabilising circular debt and continued efforts to improve tariffs for industrial users. Privatisation of three distribution companies is expected to take place in early 2026. Leghari also announced the establishment of a Power Planning and Monitoring Company.
Foreign missions responded positively, with the Ministry of Finance reporting international confidence in Pakistan's reform path.
