He assures that all possible measures will be taken to accelerate the country’s journey towards renewable energy
Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at the 2025 IMF and World Bank Annual Spring Meetings in Washington, DC, US, April 25, 2025. Photo: Reuters/File
Finance Minister Muhammad Aurangzeb on Wednesday said the government remains steadfast in achieving its economic goals. Radio Pakistan reported.
He was addressing the signing ceremony of Capital Market Development Fund (CMDF) organized by Securities and Exchange Commission of Pakistan in Islamabad.
The Minister of Finance affirmed that he will comply with 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 access international capital markets after a gap of four years.
He said this shows the confidence of institutional and international investors in Pakistan. Describing the launch of the Capital Market Development Fund as a milestone, the Finance Minister said it reflects the collective determination to deepen, broaden and modernize the capital markets in Pakistan.
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He mentioned that in the last two years more than two hundred and twenty thousand investors have entered the stock market.
He said twenty-four thousand new investors entered the market in April, the highest number ever recorded in a single month. He also said that 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 all possible measures will be taken to accelerate the country’s path towards renewable energy.
On May 3, he chaired a virtual meeting with presidents and CEOs 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 participation of financial institutions, regulators and technical experts, and underlined the importance of coordinated efforts to safeguard critical financial infrastructure. He emphasized that as Pakistan’s financial ecosystem continues to digitize, strengthening cyber resilience must remain a core policy priority.
On April 28, FinMin said Pakistan’s economic growth will be around 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 will grow around 4% this fiscal year
Aurangzeb mentioned that the current account surplus was a little over $1 billion in March this year, and expressed satisfaction over IT exports, the positive trajectory of value-added segments, as well as the rise in remittances.
He added that the country’s foreign exchange reserves were expected to reach around $18 billion by the end of June, which would cover imports for three months.
