Govt reaffirms reform agenda, urges PBC to boost trade

September 10, 2025 (MLN): The government reaffirmed its commitment to economic reforms and long-term stability while stressing the importance of creating an enabling environment for business and investment.

A delegation of the Pakistan Business Council (PBC), led by CEO Javed Kureishi and Chairperson Dr. Zeelaf Munir, called on Finance Minister Senator Muhammad Aurangzeb, who briefed the leadership on improving macroeconomic indicators, exchange rate stability, and policy reforms.

He underlined that state-owned enterprise restructuring, privatization, and public sector right-sizing were moving forward as part of the government’s reform agenda.

The Minister said upgrading port, road, and rail infrastructure remains a priority to strengthen domestic commerce and expand trade opportunities.

He also shared progress on tariff negotiations with the United States, encouraging representative bodies like the PBC to spearhead targeted business-to-business engagements to enhance bilateral trade and investment.

On Pakistan’s relations with China, Aurangzeb highlighted outcomes of the Prime Minister’s recent visit, including high-level dialogues, specialized working groups, and an unprecedented level of private sector participation, which led to multiple MoUs and growing commercial traction.

He further informed the delegation about the relocation of the Tax Policy Office from the Federal Board of Revenue to the Finance Division, aligning tax policymaking with broader economic objectives.

Discussing inflation, the Minister expressed optimism that price pressures would remain under control, supported by reduced oil prices. He added that the Steering Committee on Inflation, chaired by him, has already convened its first session and will meet again this week.

The PBC leadership welcomed the government’s direction, assured support in policy research and formulation, and pledged to continue constructive dialogue.

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