Finance Minister Senator Muhammad Aurangzeb met with a delegation from the Pakistan Business Council (PBC), led by CEO Javed Kureishi and Chairperson Dr. Zeelaf Munir, at the Finance Division. The Minister briefed the delegation on the positive trajectory of macroeconomic indicators and the government’s ongoing reform agenda, which includes State-Owned Enterprise reforms, privatization, and public sector right-sizing.

He emphasized the government’s dedication to maintaining economic stability, particularly exchange rate and policy rate stability, to foster long-term growth. The administration recognizes the crucial role of improved port, road, and rail infrastructure in bolstering domestic and international trade.

Senator Aurangzeb also discussed tariff negotiations with the United States, highlighting potential opportunities for Pakistani exporters. He encouraged business-to-business collaborations to enhance bilateral trade and investment. The outcomes of the Prime Minister’s recent visit to China, including strategic dialogues, business interactions, and MoUs, were also shared, showcasing the government’s commitment to strengthening economic ties with China.

The relocation of the Tax Policy Office from the FBR to the Finance Division was announced, aimed at aligning tax policy with overall economic policymaking. The Minister addressed the ongoing flood situation, outlining the government’s rescue, relief, and rehabilitation efforts.

Regarding inflation, Senator Aurangzeb expressed optimism about controlling price pressures, citing reduced oil prices. He mentioned the Steering Committee on Inflation’s recent and upcoming meetings, demonstrating the government’s proactive approach.

The PBC expressed its support for the government’s economic policies and pledged to contribute to policy research and maintain ongoing dialogue.