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Thursday, April 24, 2025  
25 Shawwal 1446  

‘Economic stability, not a destination but foundation for growth’ Finance Minister

Aurangzeb underscores importance of collateral-free loans to farmers to boost agricultural productivity
File photo
File photo

Federal Finance Minister Muhammad Aurangzeb has reaffirmed the government’s firm commitment to a strategic roadmap for future development, stating that policies are being implemented to facilitate foreign investment and enhance export potential in key sectors.

In a high-level meeting chaired by the Finance Minister, the federal government expressed its resolve to pursue realistic and comprehensive policy-making focused on sustainable economic development, export promotion, and increased investment.

He emphasized that the upcoming federal budget will be designed in line with ground realities, and noted that the government has successfully achieved economic stability — a foundation, not a final destination, for long-term growth and prosperity.

The meeting was attended by representatives from the State Bank of Pakistan, the Pakistan Banks’ Association, and executives of leading banks. Chairman of the Pakistan Banks’ Association, Zafar Masud, delivered a detailed briefing on the banking sector’s role in supporting agriculture, small and medium enterprises (SMEs), and the digital and technology sectors.

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During the session, Minister Aurangzeb underscored the importance of providing collateral-free loans to small farmers to boost agricultural productivity and strengthen rural economies. He appreciated the banking sector’s role and called for greater coordination among banks, policymakers, and investors to boost exports.

He reiterated that the government is fully aligned with an agenda of export-led economic revival and future-oriented development. As part of this agenda, facilitation for foreign investors is being prioritized, and efforts are underway to expand export capacity in key sectors.

Referring to the recent Minerals Summit, the Minister highlighted increased interest from domestic investors in high-value projects, calling it a positive indicator of growing economic confidence.

Aurangzeb also revealed that the budget preparation process for the upcoming fiscal year has been initiated ahead of schedule. Breaking from tradition, he visited various chambers of commerce to gather direct input from stakeholders. He assured that the next federal budget will be crafted by on-ground realities and stakeholder needs.

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The Finance Minister concluded by stating that while economic stability has been achieved, it must be viewed as a starting point — a platform upon which the government aims to build a robust and prosperous economic future.

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Finance minister

economic growth

Pakistan’s economy

Muhammad Aurangzeb