{
  "id": 11267260,
  "title": "Economy in Right Direction: Finance Minister",
  "url": "https://urgent.news/2026/10/01/economy-in-right-direction-finance-minister",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T19:14:48.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/10/02/economy-in-right-direction-finance-minister/"
  },
  "original_language": "en",
  "account": "Pakistan’s economy is moving in a positive direction, according to Federal Minister for Finance and Revenue, Muhammad Aurangzeb. Addressing the Overseas Investors Chamber of Commerce and Industry in Karachi, Aurangzeb emphasized that the nation has transitioned from stabilization toward growth. The government’s current focus is on ensuring that this growth is enduring and driven by investment, productivity, exports, and employment. He highlighted the need to move away from the recurring boom-and-bust pattern and maintain macroeconomic stability through a stronger fiscal and external position.\n\nAurangzeb outlined the government's priorities, which include structural reforms, increased private investment, enhanced access to financing, and a shift in economic relationships from aid to trade and investment. He stressed that the private sector would be pivotal in driving sustainable economic growth, while the government's role would be to provide a stable policy framework, regulatory facilitation, and a business-friendly environment. Recent developments, such as the successful PIA transaction, demonstrated the capacity of domestic investors to engage in large-scale opportunities, mobilizing nearly $1.2 billion from Pakistani business groups.\n\nForeign investment is also becoming more attractive, with interest emerging in sectors such as mining and minerals, technology, agriculture, oil and gas, refinery upgrades, and beyond. Turkish investors have shown interest in the privatization of electricity distribution companies, alongside Saudi and other international investors. The Finance Minister reported that structural reforms are moving into implementation across various areas, including taxation, energy, State-Owned Enterprises, privatization, and public finance. Tax filers have crossed 5.7 million, a significant increase from previous years, reflecting the government's efforts in this area.\n\nThe minister also addressed the expansion of financing for small and medium enterprises (SMEs), agriculture, housing, and underserved segments. Approximately Rs. 60 billion has already been financed under the Prime Minister’s Apna Ghar Program, with further financing in the pipeline. Aurangzeb stressed the importance of deepening Pakistan’s capital markets to direct domestic savings toward productive investments in infrastructure, housing, privatization, and private businesses.\n\nFurthermore, the Finance Minister highlighted emerging technologies like digitalization, blockchain, Web 3.0, and others, which could attract investment and expand exports and employment. He reiterated that policy continuity, investment facilitation, and sound economic governance would be key to sustaining Pakistan’s economic growth.",
  "summary": "Federal Minister for Finance and Revenue Muhammad Aurangzeb has said Pakistan’s economy is moving in the right direction, with the … Read More The post Economy in Right Direction: Finance Minister appeared first on ProPakistani .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}