Pakistan’s GDP Growth Expected to Reach 4% or Higher This Fiscal Year: Finance Minister

ISLAMABAD:Federal Finance Minister Muhammad Aurangzeb has expressed optimism that Pakistan’s economic growth will reach 4% or higher during the current fiscal year.

The finance minister shared the outlook while addressing a roundtable meeting with sovereign investors, where he briefed international investors on Pakistan’s economic progress and ongoing reform efforts.

According to a statement issued by the Ministry of Finance, the meeting highlighted Pakistan’s achievement of maintaining a primary fiscal surplus for three consecutive years and bringing the fiscal deficit to its lowest level in 22 years.

The improvement in Pakistan’s sovereign credit ratings was also discussed during the meeting.

Participants emphasised the importance of reducing borrowing costs and extending debt maturities to improve the country’s debt management and financial sustainability.

The discussions also covered foreign exchange reserves, inflation, the external sector’s performance and the overall economic outlook.

Energy security, targeted relief measures for vulnerable segments of society and climate financing were among the other key topics discussed.

Aurangzeb reaffirmed the government’s commitment to continuing economic reforms and maintaining fiscal discipline to strengthen macroeconomic stability and build investor confidence.

He expressed hope that sustained reform efforts and improvements in key economic indicators would help Pakistan achieve economic growth of 4% or more in the current fiscal year.

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