Reform momentum can lead to ‘immense growth’: Aurangzeb

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb said Wednesday that Pakistan’s reform momentum and economic liberalisation could set the stage for an “East Asia moment”— a period of dynamic, export-driven expansion inspired by the experience of high-growth Asian economies such as Singapore. In an interview with CNBC, the minister, who is currently in Washington DC to attend the 2025 World Bank Group-IMF Annual Meetings, discussed Pakistan’s ongoing IMF engagement and the country’s emerging export-led growth strategy. He underlined the steady progress Pakistan has made toward macroeconomic stability over the past year, emphasising improvements across key indicators including currency stability, foreign exchange reserves, inflation, and policy rate alignment. He noted that the recent upgrades by all three major global rating agencies validate the country’s economic trajectory and reform agenda.