Federal Finance Minister Muhammad Aurangzeb has said that the government’s job is not to do business, the private sector should sit in the front and the ministers should sit in the back.
While addressing the opening ceremony of Pakistan Saudi Arabia Investment Forum 2024 held in Islamabad, the Finance Minister said that Pakistan is now following the implementation policy, we will have to widen our tax base for this purpose.
Muhammad Aurangzeb said that we are going to the 24th International Monetary Program (IMF) program. To ensure that this is our last program, we need to have a clear view of the road to market.
The federal minister said that first of all development in export and secondly foreign direct investment is necessary and you will help us in this. Access to international capital market is also very important for him.
He said that we have to solve our difficult energy problems, this is the second important part of the reform agenda and the third is reforms in public institutions. If we get this worked out, we won’t need to go to another funding program.
“We will complete the privatization agenda quickly, and I hope that by the end of June or July we will be in the final stages of this work,” the finance minister said. The private sector has to run this country, the government is committed to this.
He further said that foreign exchange reserves are gradually increasing in the country, we are trying to promote foreign investment. Pakistan’s currency has been stable for 10 months.
On this occasion, Federal Minister Petroleum Mossadegh Malik said that Pakistan and Saudi Arabia have brotherly relations. We need to move forward together, Pakistan has no dearth of skilled manpower.
Mossadegh Malik further said that skilled people of Pakistan are contributing to the development of Saudi Arabia, Saudi Arabia has developed rapidly in a short period of time. Pakistan has vast reserves of minerals.
