ISLAMABAD, Sep 10 (Alliance News): Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Wednesday reaffirmed the government’s commitment to ensuring economic stability and upgrading infrastructure to boost trade and attract investment.
He made these remarks during a meeting with a delegation of the Pakistan Business Council (PBC), led by Chief Executive Officer Javed Kureishi and Chairperson Dr. Zeelaf Munir, according to a statement issued by the Ministry of Finance.
Aurangzeb briefed the PBC leadership on the overall economic outlook, saying macroeconomic indicators were moving in the right direction.
He said the government’s reform agenda—including restructuring of State-Owned Enterprises, the privatization program, and right-sizing of the public sector—was progressing steadily, creating a foundation for long-term growth.
He stressed that stability in the exchange rate and policy rate would continue, providing greater certainty for businesses and investors.
He added that the government recognized the importance of upgrading ports, roads, and railways to strengthen domestic commerce and expand external trade opportunities.
The finance minister informed the delegation about ongoing tariff negotiations with the United States, which he said could offer significant opportunities for Pakistani exporters by leveraging regional competitive advantages.
He encouraged PBC and other representative bodies to lead targeted business-to-business initiatives to enhance bilateral trade and investment.
Highlighting the outcomes of Prime Minister Shehbaz Sharif’s recent visit to China, Aurangzeb said it featured strategic dialogues, business-to-business interactions, specialized working groups, and strong private sector representation.
He noted that these engagements had already led to the signing of multiple MoUs, reflecting the government’s commitment to strengthening bilateral economic ties.
The minister also announced the relocation of the Tax Policy Office from the Federal Board of Revenue (FBR) to the Finance Division, ensuring closer alignment between tax policy and overall economic planning.
Touching upon the ongoing flood situation, Aurangzeb outlined government efforts in rescue and relief operations, infrastructure rehabilitation, and need-based assessments, while emphasizing lessons learned from the 2020 floods.
On inflation, he expressed confidence that price pressures would remain under control, supported by declining oil prices that were keeping imported inflation in check.
He said the Steering Committee on Inflation, chaired by the Prime Minister, had already held its first meeting, with a follow-up session scheduled this week.
The PBC delegation welcomed the government’s direction and policy measures, appreciating its focus on economic stability, reforms, and investment facilitation.
They assured the government of full support in policy research and formulation, and pledged to continue constructive consultation.
