Finance Minister Muhammad Aurangzeb on Tuesday said Pakistan’s economy is expected to grow by around 4% in the current fiscal year, pointing to steady improvement in key economic indicators.
According to Beyond Time News, he shared the outlook while addressing the EU-Pakistan High Level Business Forum in Islamabad.
Signs of Economic Stability
Aurangzeb said the growth projection reflects recovery compared to last year, supported by improving macroeconomic conditions.
He noted that Pakistan posted a current account surplus of over $1 billion in March, driven by higher remittances, growing IT exports, and better performance in value-added sectors.
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Foreign Reserves Outlook
The finance minister said foreign exchange reserves are likely to reach about $18 billion by the end of June, providing an import cover of nearly three months.
Focus on Trade and Investment
At the forum, Special Assistant Haroon Akhtar Khan highlighted the European Union as Pakistan’s largest export market under the GSP+ scheme.
He emphasised the need to expand cooperation into investment, technology, and global value chains.
Conclusion
Pakistan’s economy is showing gradual recovery, with improving indicators and investor confidence. According to Beyond Time News, the government is aiming to sustain growth through reforms and stronger global partnerships.
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