Pakistan commits to productivity, export-led growth model

May 20, 2025 (MLN): Pakistan is focused on a productivity and export-led growth model, reaffirming its commitment to long-term structural reforms and fostering quality commercial partnerships to drive economic growth and investor confidence.

The above discussions were held during virtual meetings chaired by Minister for Finance Muhammad Aurangzeb with senior executives from three UAE banks Sharjah Islamic Bank, Abu Dhabi Islamic Bank, and Ajman Bank to explore their support for Pakistan’s development and fiscal objectives.

The Minister highlighted Pakistan’s steady progress toward achieving macroeconomic stability, attributing this recovery to ongoing structural reforms.

He expressed appreciation for the Asian Development Bank’s continued collaboration and support in advancing Pakistan’s fiscal and development goals, as per the press release.

Aurangzeb emphasized the government’s firm commitment to key reforms, including the restructuring of State-Owned Enterprises, an active privatization agenda, and rightsizing the federal government.

He also reiterated Pakistan’s openness to forming strong commercial partnerships that can enhance economic growth, development financing, and investor confidence.

During the discussions, the senior bank executives acknowledged and praised the progress Pakistan has made in these areas.

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