KARACHI: Federal Minister for Finance Muhammad Aurangzeb said on Wednesday the government’s tax and broader economic reforms aim to create a fairer and more predictable business environment, as Islamabad seeks to consolidate recent macroeconomic gains following years of turbulence.
Pakistan has undergone a difficult period of stabilization, marked by inflation, currency depreciation and financing gaps, though international rating agencies have acknowledged improvements after politically costly reforms implemented under the $7 billion International Monetary Fund (IMF) loan program.
Aurangzeb shared the outlook during a meeting in Islamabad with German Ambassador Ina Lepel to review bilateral economic cooperation and investor sentiment, the Finance Division said in a statement.
“The reforms are designed to promote fairness, reduce distortions, and create a level playing field for all economic actors, while supporting investment and formal economic activity,” the minister said, according to the statement.
He briefed the German envoy on the government’s priorities, including broadening the tax base, improving compliance and moving toward technology-driven revenue systems to support fiscal sustainability and competitiveness-led growth.
