**Pakistan Showcases Economic Recovery and Reforms in Briefing to Moody’s**
Pakistan’s Federal Finance Minister Senator Muhammad Aurangzeb, accompanied by senior economic officials, has assured Moody’s of the country’s steady economic recovery and commitment to long-term stability. The government highlighted key achievements, including improved macroeconomic indicators, successful reforms, and greater external sector stability, during a comprehensive briefing to the international credit ratings agency.
The Finance Minister pointed to the recent completion of an IMF review as a significant milestone, underlining Pakistan’s efforts to meet its international commitments. He reported a rise in foreign exchange reserves exceeding $14 billion, a notable drop in inflation, and the emergence of a current account surplus. These positive trends, the minister explained, reflect robust policy measures and growing investor confidence.
Aurangzeb also outlined Pakistan’s ongoing tax reforms and moves towards greater digitalization, emphasizing that such initiatives aim at broadening the tax base and improving fiscal transparency. He reiterated the government’s dedication to sustained and inclusive economic growth, arguing that these improvements pave the way for potential upgrades in the nation’s credit ratings.
Expressing optimism for the future, Aurangzeb told Moody’s that Pakistan’s improved economic fundamentals could facilitate stronger engagement with global financial markets. The briefing concluded with a renewed affirmation of Pakistan’s resolve to implement structural reforms in pursuit of economic resilience and growth.
