Finance Minister Muhammad Aurangzeb said on Tuesday that Pakistan’s economy was in a “good spot”, attributing this to macroeconomic stability and “geopolitical tailwinds”.
“Where we are as a country, we find ourselves in a good spot at this point and time because there is a confluence of factors,” he said, adding that macroeconomic stability combined with “geopolitical tailwinds” had boosted the economy.
The finance minister said in a virtual address at the second edition of the Pakistan International Maritime Expo and Conference 2025 (PIMEC-25), which is being held in Karachi.
“So our traditional partners, who have helped us through thick and thin … we find ourselves in a spot that we can now leverage and we should leverage in terms of these relationships which have been strong for the longest time to move from government-to-government (G2G) discussions to trade and investment flows into the country,” he said.
In his address, the finance minister hat Pakistan had received “external validation” for its economic policies.
“After a hiatus of two to three years, we have three global rating agencies which are fully aligned, not only in terms of the upgrades we have seen over the course of this year but also [in terms of] their outlook, which is stable for Pakistan’s economy,” he said.
He noted that Pakistan was currently part of an International Monetary Fund (IMF) programme. Stating that a staff-level agreement was announced a couple of week back, saying that this pointed to the confidence being reposed in Pakistani authorities.
He said that improved trade and investment flows which were expected in the coming months would help the country in moving toward a sustainable growth path.
More to follow
