Finance Minister Muhammad Aurangzeb asserts that the inflation rate has declined by 18%, noting a drop from 38% to approximately 20%.
Finance Minister Muhammad Aurangzeb addressed the Washington Atlantic Council, expressing optimism about Pakistan’s economy. He highlighted a 5% growth rate in agriculture and ongoing development in services. He mentioned successful completion of the IMF program, stable inflation (around 20%), and efforts to boost tax revenue and economic reforms. Plans include negotiating a loan extension with the IMF, increasing the tax-to-GDP ratio, and addressing circular debt. Restoring investor confidence and broadening the tax net are key priorities. Aurangzeb also met with the Pakistan Business Council during his visit to the US.