Guarantees that all possible measures will be taken to accelerate the country’s transition to renewable energy
Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at the 2025 Spring Annual Meetings of the IMF and the World Bank in Washington, DC, United States, April 25, 2025. Photo: Reuters/File
Finance Minister Muhammad Aurangzeb on Wednesday said the government remains firm in achieving its economic goals, Radio Pakistan reported.
He was speaking at the signing ceremony of the Capital Market Development Fund (CMDF) organized by the Securities and Exchange Commission of Pakistan in Islamabad.
The Minister of Finance affirmed that he would respect the commitments made to international institutions for the current financial year. He expressed satisfaction that despite the conflict between the United States and Iran, Pakistan was able to tap international capital markets after a gap of four years.
He said this shows the confidence of international and institutional investors in Pakistan. Terming the launch of the Capital Market Development Fund as an important milestone, the Finance Minister said it reflects the collective determination to deepen, broaden and modernize capital markets in Pakistan.
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He mentioned that more than two hundred and twenty thousand investors entered the stock market in the last two years.
He said twenty-four thousand new investors entered the market in April, which is the highest number ever recorded in a single month. He also said that the government is working to provide an ecosystem for the private sector to lead the country economically.
The Finance Minister also assured that all possible measures would be taken to accelerate the country’s journey towards renewable energy.
On May 3, he chaired a virtual meeting with presidents and managing directors of commercial banks, along with their chief information security officers (CISOs), to enhance cybersecurity preparedness across Pakistan’s financial sector in light of emerging technology risks and changing threat dynamics.
The Finance Minister appreciated the active engagement of financial institutions, regulators and technical experts, and highlighted the importance of coordinated efforts to protect critical financial infrastructure. He emphasized that as Pakistan’s financial ecosystem continues to digitalize, strengthening cyber resilience must remain a central policy priority.
On April 28, FinMin said Pakistan’s economic growth would be around 4% this fiscal year. Speaking at the launch of the EU-Pakistan High Level Business Forum in Islamabad, he noted that this was a significant improvement over the previous financial year, adding that the country was consolidating its gains in terms of macroeconomic indicators.
Learn more: Finance Minister Aurangzeb says economy expected to grow by around 4% this fiscal year
Aurangzeb mentioned that the current account surplus was a little over $1 billion in March this year, expressing satisfaction over IT exports, positive trajectory of value-added segments, as well as increase in remittances.
He added that the country’s foreign exchange reserves were expected to reach around $18 billion by the end of June, which would cover imports for three months.
