Particle.news

Pakistan Declares Pivot to Export-Led Growth as Stabilisation Takes Hold

Finance Minister Muhammad Aurangzeb says improved balances, lower inflation, stronger reserves enable a pivot to exports.

Overview

  • Aurangzeb says Pakistan has posted a primary fiscal surplus alongside a current account surplus for the first time in several years.
  • Foreign exchange reserves have risen above $14.5 billion and the exchange rate has remained stable, reinforcing investor confidence.
  • Inflation is reported down from a peak near 38% to single-digit levels following fiscal and monetary tightening and stronger remittances.
  • The government is advancing tax, energy and state‑owned enterprise reforms, with privatisation and tariff liberalisation aimed at competitiveness.
  • Priority opportunities highlighted include IT services with exports above $4 billion, agriculture, and mining such as the Reko Diq copper and gold project, even as overall GDP growth near 2.7% is flagged as insufficient.