ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb reaffirmed Pakistan’s strong commitment to macroeconomic stability, structural reforms, and investor facilitation during a meeting with a delegation of German investors led by German Ambassador Ina Lepel on Wednesday.
Senator Aurangzeb briefed the delegation on Pakistan’s steady progress in restoring fiscal and external stability, noting that the currency has remained stable, inflation is moderating, and confidence from international financial institutions and credit rating agencies has strengthened. He said Pakistan’s economic direction now focuses on deep structural reforms in taxation, energy, privatization, and public finance to ensure long-term sustainability and competitiveness.
The minister highlighted that all three major credit rating agencies—Fitch, S&P, and Moody’s—have upgraded Pakistan’s outlook in recent months, while the IMF’s staff-level agreement last week reflects renewed confidence in the country’s economic trajectory. He added that foreign exchange reserves now cover about 2.5 months of imports and are expected to reach three months by fiscal year-end.
On privatization, Aurangzeb said 34 state-owned enterprises have been handed to the Privatization Commission, with progress seen in energy and aviation, including PIA’s ongoing privatization, where four international conglomerates are conducting due diligence.
He also shared plans for Pakistan’s re-entry into global capital markets through the issuance of a Panda Bond in China and a Eurobond under the Global Medium-Term Note (GMTN) program in 2026.
Welcoming German investors, Aurangzeb invited them to explore opportunities in technology, manufacturing, and energy, stressing that improving macroeconomic fundamentals and global engagement with Europe, China, the U.S., and Gulf nations are creating a favorable environment for foreign direct investment.
He also addressed queries on IT exports, profit repatriation, and investor protection, assuring continued policy consistency and facilitation for international businesses operating in Pakistan.
