Macroeconomic Indicators On Upward Trajectory: Finance Minister

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Thursday emphasized that Pakistan's macroeconomic indicators were on an upward trajectory, leading to a growing public trust in the country's economic management

ISLAMABAD, (UrduPoint / Pakistan Point News - 8th Aug, 2024) Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Thursday emphasized that Pakistan's macroeconomic indicators were on an upward trajectory, leading to a growing public trust in the country's economic management.

In a meeting with a delegation of Meezan Bank, led by the Chairman of the Board of Directors, Riyadh S.A.A Edrees, the finance minister outlined the government's ongoing efforts in reforming the State-Owned Enterprises (SOEs), Federal Board of Revenue (FBR), energy sector and privatization initiatives.

According to press release issued by finance ministry, the delegation also included President and Chief Executive Officer, Irfan Siddiqui, Deputy CEO Syed Amir Ali. Governor State Bank of Pakistan (SBP) and senior officials from the Finance Ministry were also present in the meeting.

The Minister reiterated the government's commitment to fostering investment and enhancing the ease of doing business in Pakistan.

On the occasion, Riyadh Edrees highlighted the bank's status as the largest bank in the Middle East, with over 17,000 employees in 1,000 branches all over Pakistan.

They expressed their appreciation for the actions of the government, particularly its efforts in paying back dividends and facilitating an increase in remittances. These measures indicated that the country is moving in the right economic direction.

The meeting concluded with both parties expressing optimism about Pakistan's economic growth and the potential for continued collaboration to achieve mutual goals.