Finance Minister Muhammad Aurangzeb has announced a strategic shift in Pakistan’s economic direction, emphasizing steady and sustainable growth over short-term GDP expansion that has historically resulted in instability.
Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb today reaffirmed the government’s resolve to push ahead with irreversible reforms to strengthen stability, competitiveness and fiscal discipline.
Speaking at the Pakistan Business Council’s Dialogue on the Economy… pic.twitter.com/o4Jt6Zov3w
— Ministry of Finance, Government of Pakistan (@Financegovpk) November 26, 2025
Addressing a two-day economic dialogue organised by the Pakistan Business Council (PBC), the minister said Pakistan will no longer pursue temporary growth spurts of 5–6 per cent, which have led to recurring boom-and-bust cycles. Instead, the government will focus on long-term, export-led growth to stabilise the economy and ensure consistent performance.
He expressed optimism for 3.5 per cent GDP growth in the current fiscal year, with projections of around 4 per cent growth over the next two to three years, potentially reaching 6–7 per cent in the medium term, provided momentum continues across agriculture, manufacturing and services.
Mr Aurangzeb highlighted plans to revive industrialisation through an upcoming industrial policy and urged corporate leaders to diversify financing sources by tapping capital markets rather than relying solely on bank borrowing. He also noted that easing monetary conditions would help reduce financing costs.
The minister confirmed that remittances are expected to reach approximately $41 billion this year, supported by stable inflows through formal channels and strong performance of the Roshan Digital Account.
Reaffirming commitment to structural reforms, he announced the first meeting of the Tax Advisory Council and outlined ongoing efforts to address taxation and energy challenges. He also confirmed that the inaugural session of the 11th National Finance Commission (NFC) will be held on December 4.
Mr Aurangzeb further revealed that Pakistan is preparing for its first Panda Bond issuance before the Chinese New Year and noted renewed investor interest from global companies, including firms from Saudi Arabia, Turkiye and the UAE, particularly in energy, mining, logistics and technology sectors.
He stressed that ensuring national security, macroeconomic stability and smooth profit repatriation remain essential to attracting foreign investment.
Speaking at the event, PBC Chairperson Dr Zeelaf Munir underlined the importance of evidence-based policy reforms and partnership between the government and private sector to sustain long-term economic stability.
In a separate session, Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan highlighted the need for exports to outpace imports and emphasised industrial growth as the backbone of Pakistan’s economic progress, noting that a tax package under the upcoming industrial policy will soon be presented to the IMF.
The government reiterated its commitment to reform-driven, inclusive and sustainable economic growth to ensure stability and resilience for Pakistan’s future.
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