Finance Minister Muhammad Aurangzeb has reaffirmed the government’s commitment to fostering an environment where the private sector leads economic growth, particularly in driving export-led expansion.

This was emphasized during his meeting with a delegation from the International Finance Corporation (IFC), led by its Managing Director and Executive Vice President, Makhtar Diop, in Islamabad today.

According to a statement by the Ministry of Information and Broadcasting, the Finance Minister congratulated IFC on its recently signed projects with the private sector and praised the vibrant role of private enterprises in Pakistan.

He also briefed the delegation on Pakistan’s macroeconomic stability, referencing his recent meeting with IMF Managing Director Kristalina Georgieva in Dubai, who appreciated the progress Pakistan has made on the macroeconomic front.

Aurangzeb outlined key structural reforms, including the introduction of agricultural income tax, pension reforms, and rightsizing initiatives across numerous ministries and departments. He expressed gratitude to IFC for its continuous support and assistance.

Makhtar Diop acknowledged the government’s reform efforts and noted the confidence expressed by private sector stakeholders in the Finance Minister’s policies. He praised Pakistan’s Country Partnership Framework with the World Bank, highlighting it as a global best practice.

The meeting concluded with both parties reaffirming their commitment to collaboration and investment in Pakistan’s economic development, with a focus on areas such as green energy, data centers, and agricultural supply chain improvements.