Finance Minister Fitch Ratings briefing highlighted Pakistan's economic reform agenda, focusing on financial stability and policy...
Finance Minister Muhammad Aurangzeb has updated Fitch Ratings representatives about Pakistan’s recent staff-level accord with the International Monetary Fund and outlined various measures aimed at bolstering the economy, reported 24NewsHD TV channel.
The meeting, led by Fitch Ratings Senior Director Thomas Rookmaker and Directors Asia Pacific Sovereign Krisjanis Krustins and Jeremy Zook, was attended by senior Finance Ministry officials. Aurangzeb highlighted Pakistan’s $9.4 billion foreign exchange reserves, strong stock market performance, and the 12.6% inflation rate in the CPI for June 2024. He also noted a 7.7% increase in foreign remittances. Discussing fiscal reforms, Aurangzeb emphasised the government’s efforts to broaden the tax base, reporting a substantial 30% rise in tax collection in FY 2024 compared to the previous year.
The conversation also covered ongoing reforms in the energy sector and State-Owned Enterprises, including the privatisation and streamlining of federal government entities to enhance governance and efficiency.
Economic Reform Agenda Pakistan Fitch Ratings Pakistan Aurangzeb Economic Briefing Pakistan Financial Reforms Pakistan Economic Policy
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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