The Minister of Finance, Mohammad Aurengzeb, said Monday that the country had reached a crucial moment of economic recovery and transformation, while invited investors to join the Pakistan growth trip.
Speaking at the Pakistan 2025 conference at Harvard University, Aurengzeb described the key achievements, including historical reductions in inflation, an increase in foreign reserves and a rebound in direct foreign investment.
“After inheriting an economy that faces significant challenges, from hiring GDP to the exhaustion of reserves, we have stabilized the foundations, restored trust and revived growth,” he said.
The conference, organized by Harvard students with the support of university research centers, is the largest event led by Pakistan students in the United States.
Aurengzeb stressed that inflation had fallen to 0.7%, the lowest in 60 years, foreign reserves had doubled and the currency appreciated by 3%. Pakistan registered a current account surplus greater than $ 1 billion in March 2025, he added.
The minister also cited a 44% increase in direct foreign investment, a 24% growth in IT exports and record and high remittances projected at $ 38 billion by 2025. Pakistan achieved a fiscal surplus for the first time in 24 years and obtained an update of sovereign credit rating of Fitch to B- with a stable perspective.
Aurengzeb emphasized that stability was just a springboard, which described government plans for fiscal discipline, structural reforms in energy, taxes, governance and management of state companies.
He pointed out the great growth opportunities in the mineral resources of Pakistan, the IT sector, green energy projects and their young business population.
In debt management, Aurengzeb said that Pakistan reduced his public debt ratio from 75% to 67.2%, with the aim of reducing it below 60% in the medium term through fiscal reforms and improved national financing.
The efforts to privatize state companies that make losses could save up to 2% of GDP annually, he added, emphasizing the importance of transparency and competitiveness in the process.
Aurengzeb also described the initiatives to deepen financial markets, expand digital banking and promote green finances, while reaffirming Pakistan’s commitment to climate resistance through associations with the IMF and the World Bank.
“The future of Pakistan will be molded by the bold and necessary elections,” Abrangzeb concluded. “By investing in our people, modernizing our economy and committing to reform, Pakistan will emerge stronger, greener and more competitive.”
