Wed, September 16, 2026
Islamabad (Web Desk): Finance Minister Muhammad Aurangzeb has said he expects Pakistan’s economy will grow by more than four percent in the ongoing financial year, expressing confidence that the country is entering a new phase of economic progress.
Speaking at an event arranged by EXIM Bank in Islamabad, he said that Pakistan had moved past the stabilisation phase and was now shifting its attention towards economic expansion.
The finance minister noted that the economy had grown by approximately 3.7 percent in the previous fiscal year.
Aurangzeb said that the country’s fiscal deficit had dropped to its lowest point in 22 years. He added that Pakistan had maintained a primary surplus for three successive years and also finished the previous fiscal year with a surplus in its current account.
The finance minister said Pakistan’s economy had repeatedly experienced periods of rapid expansion followed by downturns, largely because of its dependence on imported goods.
In his view, generating economic growth was not the biggest hurdle; the more important task was to ensure that such growth could continue without creating fresh economic imbalances.
Aurangzeb said that the government was consequently pursuing an export-oriented growth strategy aimed at building a stronger and more durable economic foundation.
The finance minister said the government planned to make productive use of the fiscal space currently available to accelerate economic activity and strengthen exports.
He added that the federal budget had set out a clear framework for supporting and expanding the country’s export sector.
Aurangzeb further stressed the importance of widening Pakistan’s export base instead of relying on a limited range of products and markets.
The finance minister also backed the provision of subsidised financing to small and medium-sized enterprises, saying such support could help these businesses grow and play a greater role in the country’s export drive.
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