ISLAMABAD – Finance Minister Senator Muhammad Aurangzeb has expressed confidence that inflationary pressures will remain under control. He said reduced oil prices are easing imported inflation, giving the government room to maintain stability.
The Finance Minister made these remarks during a meeting with a delegation of the Pakistan Business Council (PBC), led by CEO Javed Kureishi and Chairperson Dr. Zeelaf Munir, at the Finance Division.
Welcoming the delegation, the Finance Minister briefed the PBC leadership on the state of the economy. He said that macroeconomic indicators are showing positive signs and emphasized that the government’s reform agenda is progressing steadily. These reforms include State-Owned Enterprise restructuring, privatization efforts, and public sector right-sizing, all aimed at achieving long-term economic stability.
Aurangzeb also underlined the importance of exchange rate stability and consistent policy rates. He reaffirmed the government’s commitment to supporting investment and business-friendly policies. Infrastructure upgrades in ports, roads, and rail networks are also on the agenda to strengthen domestic trade and enhance export opportunities.
The Finance Minister highlighted recent developments in Pakistan’s trade ties. He shared updates on tariff negotiations with the United States and stressed that regional advantages could benefit Pakistani exporters. He encouraged PBC and other business groups to lead targeted business-to-business initiatives to boost bilateral trade.
He also noted the outcomes of the Prime Minister’s recent visit to China, which included new working groups, robust business exchanges, and multiple signed MoUs. According to him, these moves reflect a strong push toward deepening economic relations.
Aurangzeb further revealed that the Tax Policy Office has been shifted from the Federal Board of Revenue to the Finance Division. This step, he explained, ensures that tax policies align closely with broader economic planning.
On inflation, he reiterated that price pressures will remain manageable, with the Steering Committee on Inflation already reviewing trends. The PBC delegation appreciated the government’s policies and assured their support in policy formulation and research.
In other news read more about: Caretaker Finance Minister Plans Rollover of Foreign Deposits
