Pakistan Tells Canada Its Economy is Improving With Rising Fuel Prices
Pakistan’s sovereign credit profile has improved even as the government has allocated around Rs. 75 billion for a fuel relief … Read More The post Pakistan Tells Canada Its Economy is Improving With Rising Fuel Prices appeared first on ProPakistani .
In a meeting between Pakistan's Finance Minister Muhammad Aurangzeb and Canada's High Commissioner Tarik Ali Khan, the Pakistani government reported on its economic progress. Despite allocating Rs. 75 billion for a fuel relief program due to rising fuel prices, the sovereign credit profile of Pakistan has improved, according to the Finance Minister. This improvement reflects the government's efforts towards economic stabilization and structural reforms.
The fuel relief program, active for three months, provides targeted support to eligible consumers following the increase in fuel prices. The Finance Minister reiterated the government's commitment to maintaining macroeconomic stability, strengthening external buffers, and continuing economic reforms. The meeting also addressed ways to increase Canadian investment in Pakistan, with the Canadian High Commissioner expressing interest in mining, agriculture, and renewable energy sectors.
Both sides discussed opportunities for joint ventures and expanded trade, with Aurangzeb emphasizing the need for diversification in trade and increased market access, particularly in agriculture and agricultural commodities. The Canadian High Commissioner also welcomed Pakistan's economic stabilization efforts and expressed a desire to expand trade, investment, and business ties.
The meeting concluded with discussions on Pakistan's export processing zone regime and a Canadian-linked recycled clothing business, both of which offer employment and environmental benefits.
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