Islamabad – Finance Minister Muhammad Aurangzeb on Monday highlighted the enduring and robust relationship between Pakistan and the United States during a meeting with US Ambassador Donald Blome.
During their discussion, the Finance Minister informed Ambassador Blome about the successful completion of Pakistan’s Stand-By Arrangement (SBA) with the International Monetary Fund (IMF). He emphasized the government’s ongoing engagement with the IMF to further build on the reforms initiated under the SBA.
Minister Aurangzeb outlined key priority areas for the government’s reform agenda. These include enhancing the tax-to-GDP ratio through comprehensive digitization processes, expanding the tax base to include under-taxed sectors, and implementing significant tax administrative reforms.
Additionally, the Finance Minister reiterated Prime Minister’s strong commitment to the privatization of State-Owned Enterprises (SOEs). He noted that this initiative has already sparked interest from both local and foreign investors, particularly in the case of Pakistan International Airlines (PIA).
Discussing energy sector reforms, Aurangzeb mentioned that the government is actively taking steps to involve private sector experts to improve efficiency within the sector. He also highlighted potential investment opportunities in Pakistan’s agriculture, mining, and IT sectors, signaling a proactive approach to attract foreign investment.
Ambassador Blome commended the Pakistani government’s efforts and initiatives aimed at improving macroeconomic indicators. He assured the Finance Minister of the United States’ continued support in helping Pakistan achieve economic stability and sustainable growth.
This meeting underscores the mutual commitment of Pakistan and the United States to bolster economic ties and collaborative efforts for long-term growth and stability.