Islamabad (Commerce Desk): Federal Finance Minister Mohammad Aurangzeb stated that the government is actively working to strengthen the tax system and increase Pakistan’s foreign exchange reserves. He expressed optimism that by the end of the year, the country’s foreign exchange reserves would be equivalent to three months of imports.
Speaking to a delegation of global investors, the Finance Minister said that trade reforms and tariff reductions would enhance Pakistan’s competitiveness and create new investment opportunities. During the meeting, a private investor group, Gobi Partners, expressed its commitment to invest in sectors including fintech, logistics, healthtech, and software.
Aurangzeb added that ongoing reforms in the energy and taxation sectors are aimed at promoting economic growth under private sector leadership and fostering risk capital investment. A target of $50 million has been set for the Taxila Fund II, and preparations are underway to access international debt markets.
The Finance Minister emphasized that increased private sector investment and the growth of startups would generate employment opportunities and contribute to fostering innovation across the country.
