KARACHI, November 6, 2024: Finance Minister Muhammad Aurangzeb said that Pakistan’s economy is on the path to stability, thanks to the government’s prudent economic policies.
Addressing the 8th edition of the Future Summit in Karachi on Wednesday, Aurangzeb highlighted several positive economic indicators, including a reduction in the current account deficit, an increase in remittances, the stabilization of the rupee, and a decrease in the policy interest rate, all of which point to the economy moving in the right direction.
Read More: Finance Minister Meets AIIB Delegation, Calls for Faster Project Implementation
The Finance Minister also emphasized a significant achievement in controlling inflation, which has decreased from 38% to single-digit figures, a clear sign of progress in managing price pressures.
Aurangzeb further shared that the government is implementing both short-term and medium-term policies to ensure the sustainability of the economy in the coming years.
He stressed the need for comprehensive reforms in government institutions to ensure greater transparency, address existing loopholes, and take advantage of technological innovations to improve governance and efficiency.