Finance Minister Muhammad Aurangzeb has emphasized that Pakistan’s economic growth is being driven primarily by the private sector, highlighting the importance of restoring confidence among local investors to further boost investment. Speaking at the Pakistan Stock Exchange, he outlined the government’s comprehensive plans to encourage investment by offering all possible facilities to investors.
He noted that financing is no longer a major obstacle, with banks having approved loans totaling Rs340 billion. Specifically, Rs60 billion in loans have been disbursed within the real estate sector, while Rs380 billion in loans have been approved under the Prime Minister’s Apna Ghar housing scheme.
Aurangzeb also revealed that 24,000 new investor accounts have been opened in the stock market, although he acknowledged that both capital and debt markets have recently experienced some setbacks. Despite this, he pointed out that key economic indicators are trending positively, signaling that Pakistan is moving toward sustainable economic stability.
In a significant development, the finance minister stated that the government aims to achieve export-led growth and stressed the necessity of comprehensive reforms to strengthen the economy. He emphasized the need to enhance the country’s image by focusing on economic progress.
Foreign interest in Pakistan’s market is growing, with investors from Türkiye and Saudi Arabia showing increased enthusiasm for investment opportunities. Aurangzeb urged the government to encourage local investors to increase their participation, assuring that all possible support is being provided to facilitate this.
He highlighted the important role of the Overseas Investors Chamber of Commerce and Industry in boosting exports. Additionally, Aurangzeb reported that the Federal Board of Revenue (FBR) successfully met its September revenue target, describing recent developments from the tax authority as encouraging and reflective of positive economic trends.
The minister underscored the importance of structural reforms, noting ongoing government efforts focused on artificial intelligence, IT exports, and the blue economy. He also acknowledged that global factors have contributed to inflation rising from single to double digits.
Addressing concerns about energy supplies, Aurangzeb assured that there has been no shortage of petroleum products in the country, with the government ensuring uninterrupted availability. He concluded by reaffirming the government’s commitment to attracting investment and laying the groundwork for sustainable economic growth.
