ISLAMABAD (PEN) : Federal Minister for Finance and Revenue, Muhammad Aurangzeb, expressed hope that by 2047, Pakistan’s economy would reach a remarkable $3 trillion, a significant leap from its current size of $300 billion.
The finance minister praised the leadership of Prime Minister Muhammad Shahbaz Sharif, acknowledging the government’s efforts in maintaining economic discipline and implementing key reforms. He noted that these efforts have played a pivotal role in stabilizing the country’s economy, which is now on a more solid footing.
Aurangzeb also highlighted the importance of developing a “Charter of Economy” alongside a “Charter of Environment” to address some of the nation’s most pressing challenges. He pointed to environmental issues and population control as key areas that need urgent attention, emphasizing their long-term impact on Pakistan’s future prosperity.
Despite the current economic challenges, the minister reassured the public that the government is committed to building on the progress already made, ensuring that Pakistan’s economy becomes stronger and more resilient in the years to come.
Addressing concerns about potential economic measures, Aurangzeb firmly ruled out the introduction of a mini-budget in the near future, following constructive talks with the International Monetary Fund (IMF).
The government’s ambitious goal of meeting a Rs12.97 trillion tax target, explaining that efforts are underway to improve tax enforcement and administration. He also confirmed that the cabinet had approved the National Fiscal Pact, adding that the framework of the National Finance Commission (NFC) would remain unchanged, reassuring stakeholders about stability in fiscal policies.
Aurangzeb’s message painted a picture of cautious optimism, with the government focusing on long-term economic growth while addressing the immediate challenges that Pakistan faces. His comments reflect a clear commitment to ensuring that the country is positioned for greater economic stability and prosperity in the coming decades.
