Pakistan’s Finance Minister Muhammad Aurangzeb has announced the government’s ambitious target to double the country’s exports from $30 billion to $60 billion within the next three to five years.

Speaking in an interview with Bloomberg, he highlighted key economic reforms undertaken to stabilise the economy.

The minister emphasised that critical policy decisions over the past 12 to 14 months have helped control inflation and reduce interest rates.

He stated that efforts are underway to strengthen foreign exchange reserves and accelerate the privatisation process to provide further economic stability.

Aurangzeb revealed that the government is implementing a “right-sizing” strategy to reduce losses in state-owned enterprises, which will significantly cut public expenditures.

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He underscored Prime Minister Shehbaz Sharif’s vision of ensuring sustainable and stable economic growth, prioritising public welfare by curbing unnecessary government spending.

The finance minister further claimed that the government has successfully overcome twin deficits, achieving a surplus in both the current account and fiscal balance.

He stressed that Pakistan has the potential to play a pivotal role in regional trade, and efforts are being made to expand the country’s trade partnerships.

Increased regional trade, he noted, will lead to a significant boost in Pakistan’s exports, signalling a positive outlook for the national economy.

The government’s broader strategy focuses on economic stabilization, export growth, and improved fiscal discipline — key measures aimed at strengthening Pakistan’s position in the global economy.