Finance Minister Orangiuzb announces plans for global bonds, Panda bond, and economic reforms.
Islamabad: Pakistan’s government has set export growth and reduced reliance on imports as its top economic priorities, Finance Minister Mohammad Aurangzeb announced. In the coming weeks, the government will issue proposals for appointing financial advisors and explore raising funds through Dollar, Euro, Islamic Sukuk, and Panda bonds.
After nearly four years, Pakistan is preparing to re-enter the global bond market, signaling improved economic stability despite recent financial challenges. The finance ministry highlighted that key indicators, including inflation, interest rates, fiscal deficit, and current account balance, are moving in a positive direction.
During the World Economic Forum in Davos, a Pakistani delegation led by Prime Minister Shehbaz Sharif reassured international investors that the country is ready for investment in mining, agriculture, and technology sectors.
Aurangzeb confirmed that reforms, including privatization of state-owned enterprises, expansion of the tax net, and sale of assets like the national airline, are underway. The government expects foreign reserves to reach three months of import coverage by June, a benchmark for global financial standards.
The minister emphasized that export-led growth and ongoing reforms are crucial for sustainable development, reducing Pakistan’s exposure to repeated balance-of-payments crises, and securing long-term economic stability.
