Assures every possible step will be taken to accelerate country’s journey towards renewable energy
Finance Minister Muhammad Aurangzeb speaks during a Reuters interview at the 2025 annual IMF/World Bank Spring Meetings in Washington, DC, US, April 25, 2025. Photo: Reuters/ File
Finance Minister Muhammad Aurangzeb on Wednesday said the government stands firm in achieving its economic targets, Radio Pakistan reported.
He was addressing the Capital Market Development Fund (CMDF) signing ceremony organised by the Securities and Exchange Commission of Pakistan in Islamabad.
The finance minister affirmed to fulfill the commitments made with international institutions for the current fiscal year. He expressed satisfaction that, despite the US-Iran conflict, Pakistan has been able to tap international capital markets after a hiatus of four years.
He said this shows the trust and confidence of international and institutional investors in Pakistan. Describing the launch of the Capital Market Development Fund as a milestone, the finance minister said it reflects the collective resolve to deepen, broaden, and modernise the capital markets in Pakistan.
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He mentioned that over two hundred and twenty thousand investors have entered the equity market over the last two years.
He said twenty-four thousand new investors entered the market in April, marking the highest number ever recorded in a single month. He also said the government is working to provide an ecosystem to the private sector to lead the country on the economic front.
The finance minister also assured that every possible step will be taken to accelerate the country’s journey towards renewable energy.
On May 3, He chaired a virtual meeting with presidents and chief executive officers of commercial banks, along with their chief information security officers (CISOs), to enhance cybersecurity preparedness across Pakistan’s financial sector in light of emerging technological risks and evolving threat dynamics.
The finance minister appreciated the active engagement of financial institutions, regulators and technical experts, and underscored the importance of coordinated efforts to safeguard critical financial infrastructure. He emphasised that as Pakistan’s financial ecosystem continues to digitise, strengthening cyber resilience must remain a central policy priority.
On April 28, FinMin said Pakistan’s economic growth will be about 4% this fiscal year. Speaking at the launch of the EU-Pakistan High Level Business Forum in Islamabad, he noted that this represented a significant improvement over the previous fiscal year, adding that the country was consolidating gains in terms of macroeconomic indicators.
Read more: Finance Minister Aurangzeb says economy set to grow around 4% this fiscal year
Aurangzeb mentioned that the current account surplus was a little over one billion dollars in March this year, expressing satisfaction over IT exports, the positive trajectory of value-added segments, as well as an increase in remittances.
He added that the country’s foreign exchange reserves were expected to reach around $18 billion by the end of June, providing an import cover of three months.
