IANS | 23 Apr, 2024
Pakistan's Federal Minister for Finance and Revenue, Muhammad
Aurangzeb, on Tuesday, said that the country's economy is moving in the
right direction, highlighting the government's commitment to robust
economic growth and comprehensive social development.
While addressing a business summit here, Aurangzeb said that
despite a plethora of challenges at home and abroad, Pakistan has
adopted a holistic approach and taken measures to improve economic
indicators, signalling an optimistic outlook for the economy, Xinhua
news agency reported.
Over the last few months, the country's
foreign exchange reserves have witnessed an upward trajectory, and the
performance of the Pakistan Stock Exchange remained remarkable, he said,
underlining that the positive sentiments are helping to restore market
confidence.
Besides that, Aurangzeb said that special policies are
being introduced to foster foreign direct investment, and the country
is effectively engaging with other nations in this regard.
Moreover,
the agricultural sector in the country experienced notable growth with
bumper crops, promising a positive ripple effect on the industrial
sector, he added.
The minister said the government has been
focusing on the transformation of key areas, including tax, energy
sector forums, and reforms in state-owned enterprises, adding that the
tax base is being enhanced for higher growth.