Finance
Islamabad: Federal Finance Minister Muhammad Aurangzeb has assured the nation of continued economic improvement and further reduction in inflation, emphasizing the government’s commitment to the IMF program.
Speaking at a ceremony in Islamabad, the minister highlighted ongoing economic reforms and noted significant progress in stabilizing the economy. He stated that the current account deficit has decreased, the currency remains stable, and foreign exchange reserves are now sufficient to cover 2.5 months of imports. By the end of the year, these reserves are expected to reach the equivalent of three months’ imports.
“Inflation has dropped to 4.9%, and over the past 12 to 14 months, we have witnessed substantial economic progress,” he said, adding that the current account has consistently remained in surplus.
Aurangzeb also acknowledged major challenges, including a rapidly growing population and climate change, stressing the urgency of addressing these issues. “We cannot afford to wait for three years or until the IMF program is complete to tackle these challenges,” he concluded.
