ISLAMABAD (PEN) : Minister for Finance Muhammad Aurangzeb emphasized that recent reports by the international rating agency Fitch and the State Bank of Pakistan’s decision to cut the policy rate are clear indicators of the country’s macroeconomic stability.
Speaking at a ceremony in Islamabad, Aurangzeb highlighted the ongoing efforts of Prime Minister Shehbaz Sharif and his economic team to steer the nation towards sustained economic stability. He stressed the importance of making this stability permanent, as lasting stability is the foundation for growth.
Aurangzeb acknowledged the significant losses Pakistan’s currency has endured due to currency mismatches and called on the private sector to play a crucial role in revitalizing the country’s economy. He also underscored the need to improve tax collection and recovery processes to strengthen the nation’s financial health.
