Investment and business activity rising, inflation easing: Aurangzeb  

ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb on Wednesday highlighted the vital role of traders in Pakistan’s economy and congratulated the nation on the success of its independence struggle.

Speaking on the occasion while meeting the traders’ community, he said, “Pakistan emerged victorious in the struggle for truth. Thousands sacrificed for the creation of this nation. I extend my heartfelt greetings to the entire nation on this historic day.”

Aurangzeb underscored that national security and economic stability go hand in hand.

“Both are essential for the country’s progress,” he added. He also shared an optimistic update on the economy, noting that the Pakistani rupee has stabilised and the policy rate has seen a significant reduction.

“Over the past year and a half, our economy has been moving in a positive direction. The policy rate has now been reduced to 11 percent, business activity is picking up, and inflation is gradually easing,” he said.

The minister highlighted several encouraging signs, including rising investment, improved business confidence, and record levels at the Pakistan Stock Exchange. “For the first time in 78 years, tariff reforms have been initiated. While our national debt has increased by 41 percent, the government is taking concrete steps to strengthen the economy and improve fiscal management,” he said.

FinMin stresses tax reforms as only way forward for Pakistan’s economy

Aurangzeb detailed measures to improve revenue collection without adding pressure on salaried citizens. “Expanding the tax net is the only viable way forward. Agricultural income has been included in taxation, and reforms in the FBR are underway under the Prime Minister’s supervision,” he explained.

On energy and trade, the finance minister noted that a task force is working to reduce electricity prices and a positive tariff deal has been finalised with the United States. He expressed hope that further reductions in the policy rate are possible as debt repayment eases financial pressures.

“Every step we take aims to strengthen the economy and improve the lives of our citizens. We are committed to sustaining this growth and ensuring stability for the future,” Aurangzeb concluded, reinforcing the government’s focus on both economic progress and national well-being.