Economy is on the mend: Aurangzeb
The country’s latest macroeconomic indicators reflect the positive developments that are reshaping its economic foundations in line with benchmarks set by international agencies for better ratings, said Finance Minister Mohammad Aurangzeb on Wednesday. Addressing the eighth edition of ‘The Future Summit’, jointly organised by Unity Foods and Nutshell Conferences Group, he said a stable rupee, improved foreign exchange reserves, declining inflation and a reduction in interest rate were all signs of a booming economy. “Pakistan’s credit rating has improved and further improvement is expected this year,” he added. Macroeconomic stability, with improvements in twin deficits (fiscal and current account) are reshaping the economy, the minister observed.