Govt unveils strategy to boost exports, strengthen economy: FinMin

March 28, 2025 (MLN): The government is implementing a comprehensive strategy to increase national exports, with a strong focus on improving the economy.

This was said by Finance Minister Muhammad Aurangzeb during an interview with global publishing and broadcasting journal Bloomberg during China’s Boao Forum.

He emphasized that measures are being taken under the Prime Minister’s leadership to reduce electricity tariffs, with an official announcement expected soon.

This initiative, he noted, will promote the manufacturing sector and enhance exports, according to the press release issued today.

Additionally, Pakistan intends to issue its first Chinese Yuan bond within this calendar year. The bond’s value will range between $200 to $250 million.

While the size of the bond is not significant, the primary objective is to diversify funding sources beyond traditional markets such as the U.S., Europe, and Islamic Sukuk.

According to the finance minister, the funds raised will be utilized for climate change-related projects.

He also highlighted that this is an opportune moment for Pakistan to leverage the world's second-largest and most liquid capital market.

Looking ahead, the finance minister revealed that the upcoming federal budget will prioritize expanding the tax net.

Key sectors, including real estate, retail, and agriculture, will be brought into the tax system.

This move aims to reduce the unnecessary tax burden currently placed on the manufacturing sector, which has been bearing the major share of taxes so far.

On the economic front, Muhammad Aurangzeb expressed satisfaction with inflation trends, assuring that a close watch is being kept on overall and core inflation levels.

He further stated that interest rate reductions are expected this year, a move that will improve conditions for economic growth.

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