{"id":71668,"date":"2025-04-23T12:24:20","date_gmt":"2025-04-23T07:24:20","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=71668"},"modified":"2025-04-23T12:24:20","modified_gmt":"2025-04-23T07:24:20","slug":"finance-minister-highlights-economic-stability-seeks-constructive-engagement-with-us-on-trade","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/finance-minister-highlights-economic-stability-seeks-constructive-engagement-with-us-on-trade\/","title":{"rendered":"Finance Minister highlights economic stability; seeks constructive engagement with US on trade"},"content":{"rendered":"

WASHINGTON: Showcasing progress on sustainable growth<\/a>, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, discussed economic stability, reforms,<\/a> investment opportunities, climate challenges, and trade during a series of high-level meetings in Washington, DC, including seeking constructive engagement with the United States on trade relations.<\/p>\n

The finance minister is in Washington for the annual spring meetings of the International Monetary Fund (IMF) and the World Bank, according to a press release issued by the finance ministry here on Wednesday.<\/p>\n

The minister participated in the G-24 Finance Ministers and Central Bank Governors\u2019 meeting. As the Second Vice Chair of the group, he highlighted Pakistan\u2019s macroeconomic stability, achieved through resilient banking systems and sustained structural reforms.<\/p>\n

He emphasized the need to stay the course on reforms amidst global economic challenges, including geopolitical dynamics, trade fragmentation, and protectionism. Additionally, he underscored the importance of regional corridors, trade connectivity, and South-South collaboration to enhance investment and trade flows.<\/p>\n

During an IMF-hosted panel discussion titled \u201cRevenue Mobilization in the Medium Term,\u201d the finance minister outlined Pakistan\u2019s efforts to broaden and deepen the tax base to ensure that sectors like agriculture, real estate, and retail contribute proportionally to GDP.<\/p>\n

\u201cThese strategies include enhancing contributions from key economic sectors, transforming the Federal Board of Revenue (FBR) through technological advancements and process improvements, minimizing taxpayer-collector interface, strengthening enforcement and compliance, and utilizing AI for customized audits,\u201d said the finance minister.<\/p>\n

Aurangzeb also participated in a fireside chat at the Atlantic Council\u2019s GeoEconomics Center, addressing \u201cChallenges and Opportunities for the Pakistani Economy through 2025 and Beyond.\u201d He outlined the government\u2019s reform agenda, which includes digitalization of FBR, enhanced provincial involvement in the tax collection, and provinces\u2019 legislation on the Agriculture Income Tax.<\/p>\n

\u201cThrough ongoing efforts to rationalize federal spending and collaborate with provinces under a National Fiscal Pact, we\u2019re building sustainable economic foundations,\u201d added the Minister.<\/p>\n

The finance minister also addressed climate and population challenges, highlighting the World Bank\u2019s 10-year Country Partnership Framework (CPF) for Pakistan. The Minister affirmed the government\u2019s commitment to launching the Panda Bond and appreciated multilateral institutions\u2019 efforts in ensuring better coordination on risk analysis and due diligence.<\/p>\n

\u201cWe are finalizing a green taxonomy framework through the State Bank, paving the way for innovative instruments such as green bonds, green sukuks, and the country\u2019s inaugural Panda bond, proceeds of which will be linked to SDG-aligned projects,\u201d said Senator Aurangzeb.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON: Showcasing progress on sustainable growth, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, discussed economic stability, reforms, investment opportunities, climate challenges, and trade during a series of high-level meetings in Washington, DC, including seeking constructive engagement with the United States on trade relations. The finance minister is in Washington for the annual spring […]<\/p>\n","protected":false},"author":20,"featured_media":39992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[10519,875,28093],"class_list":["post-71668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan","tag-finance-minister","tag-usa","tag-senator-aurangzaib"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/71668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=71668"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/71668\/revisions"}],"predecessor-version":[{"id":71669,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/71668\/revisions\/71669"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/39992"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=71668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=71668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=71668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}