Pakistan

US lauds Pakistan’s initiatives to improve macro-economic indicators

Ambassador of the United States to Pakistan Donald Blome called on Finance Minister Muhammad Aurangzeb in Islamabad today.

Finance Minister Muhammad Aurangzeb welcomed the Ambassador and underscored the long-term mutual relations between Pakistan and the USA.

He informed the Ambassador about successful completion of the Stand-By Arrangement and that the Government of Pakistan is engaged with the fund to build upon the reforms under the SBA.

Senator Muhammad Aurangzeb highlighted the priority reform areas of the Government including increasing the tax-to-GDP ratio through end-to-end digitization, bringing the under-taxed sectors into the tax net, and tax administrative reforms.

The Minister reiterated the Prime Minister’s commitment to privatizing State-Owned Enterprises which has sparked interest from local and foreign investors in the case of Pakistan International Airlines.

On the energy sector reforms, he mentioned steps being taken to bring private sector experts to enhance efficiency.

He also apprised the Ambassador of the potential investments from investors in the Agriculture, Mining, and IT sectors.

Ambassador Donald Blome appreciated the government’s efforts and initiatives to improve macroeconomic indicators.

He assured the support of the United States in helping Pakistan achieve economic stability and sustainable growth.

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