Aurangzeb Highlights Economic Stability to German Delegation

Finance Minister Senator Muhammad Aurangzeb met with a German business delegation in Islamabad, led by Ambassador Ina Lepel, to highlight Pakistan’s improving economic indicators and reform-driven recovery. He shared that foreign reserves now cover over two months of imports, inflation has stabilized between five and seven percent, and international credit agencies—Fitch, S&P, and Moody’s—have upgraded Pakistan’s outlook.

Aurangzeb said Pakistan is on a strong path toward fiscal stability, with reforms in taxation, energy, and privatisation underway. The government aims to raise the tax-to-GDP ratio to 11 percent this year and 13 percent over time. Thirty-four state-owned enterprises, including Pakistan International Airlines, have been handed over for privatisation, with four foreign firms preparing bids.

He added that Pakistan plans to issue its first Panda bond in China and re-enter the Eurobond market soon, signaling renewed investor confidence. Addressing issues of profit repatriation for foreign companies, Aurangzeb assured investors of smoother regulatory processes.

The finance minister also reiterated these points during his interview with CGTN America, saying that Pakistan’s economic recovery is supported by macroeconomic stability, IMF confidence, and strengthened ties with partners such as China through CPEC Phase 2.0. He invited German investors to explore opportunities in Pakistan’s technology, energy, and industrial sectors, emphasizing that the country is ready for sustainable, inclusive growth despite climate-related challenges.