Federal Finance Minister Muhammad Aurangzeb has said that Google wants to plan to make Pakistan an export hub.
Addressing the Future Summit in Karachi, the Finance Minister said that Pakistan’s economy is moving in the right direction. The role of the private sector in the economy is very important; production-based economic development is the only sustainable path, the minister added. Pakistan has to be made a hub for exports, while our focus will be on the IT and maritime sectors.
The federal minister stated that the global rating agency acknowledged Pakistan’s economic improvement. He also said that macro stability has been appreciated globally, and corporate profits have increased by 9%.
The Finance Minister noted that the tax net has been expanded to increase national income, 900,000 filers have been added, digitization will bring transparency to the economy. Egypt has requested to learn from FBR reforms, he confirmed.
Muhammad Aurangzeb said that it has been decided to privatise 24 government institutions, while the privatisation of PIA will be completed before this year.
Also Read: Complete PIA privatization by year-end: Finance Minister
Federal Finance Minister Muhammad Aurangzeb announced that the government is downsizing its structure by merging 39 ministries and has decided to sell 24 state-owned enterprises, with Pakistan International Airlines’ (PIA) privatization expected to be completed before the end of this year.
Addressing the ninth edition of The Future Summit, the finance minister emphasized the crucial role of the private sector in driving the country’s economic growth. He said Pakistan’s economy is moving in the right direction, and its macroeconomic stability has been recognized globally. International rating agencies have acknowledged Pakistan’s improving economic indicators, he added.
Aurangzeb noted that economies around the world are undergoing reforms, with greater focus on tariff regimes. He said the government’s primary role is to provide a conducive ecosystem, particularly for AI-driven development.
Highlighting Pakistan’s growing digital and export potential, the minister stated that the country ranks among the world’s top three freelancing nations and must now evolve into an export hub. He said structural reforms are essential for sustainable economic progress and that digitization will enhance transparency.
