Federal Finance Minister Muhammad Aurangzeb has said that the global economy is going through an uncertain situation and the effects of international conflicts may affect the prices of essential commodities.
Addressing a ceremony in Lahore, he said that despite global challenges, efforts are underway for economic improvement in Pakistan. The government is taking steps to provide facilities to investors and increase the participation of the private sector.
According to the Finance Minister, global investors are exploring investment opportunities in various markets, including Pakistan. He said that investors from Europe and the US are also interested in Pakistani bonds.
Muhammad Aurangzeb said that the role of the private sector is important for sustainable economic growth. Increased business activity and investment can help in economic growth and job creation.
He also mentioned the government’s efforts to reform the tax system and expand the tax net. Increasing revenues is important for the government to help meet financial needs and maintain economic stability.
Rising prices of energy and other imported goods due to global conflicts can become a significant threat to Pakistan. Rising import costs can increase inflation and pressure on external payments.
Investor confidence, effective tax reforms and increased private sector activities will be important factors to transform economic stability into sustainable growth.
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