Pakstani Economy on right path, government committed to accelerate growth:Says Finance Minister

Pakistani Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb said here on Tuesday that the Pakistani Economy is steadily advancing in the right path, underlining the government’s steadfast commitment to accelerate momentum towards achieving both Economic Growth and comprehensive social development. In his address at the 7th edition of the Leaders in Islamabad Business Summit, the Federal Minister highlighted the impact of the incumbent government’s initiatives on economic indicators, noting their resilience amidst challenges. He stressed that these indicators are highlighting a favorable trajectory compared to previous regimes, signaling an optimistic outlook for the economy. He spotlighted that upon assuming power, the Foreign Exchange Reserves of the country stood $3.4 billion, an import bill covering only 15 days. However, he noted a significant improvement, with reserves now exceeding $8 billion. He further foresees a boost following the disbursement of the country’s tranche from the IMF.