Aurangzeb meets Chinese fund to discuss investment opportunities

Finance Minister Muhammad Aurangzeb met a senior delegation from the Silk Road Fund, a large Chinese investment vehicle, in Islamabad on Friday. The fund's chairperson, Zhu Jun, led the group, and both sides explored possible investments and wider ways to deepen economic and investment ties with Pakistan. Dawn reported the meeting, citing a press release from the finance ministry.

According to the finance ministry, Aurangzeb presented an update on recent gains, pointing to better fiscal discipline, a steadier external position, higher foreign exchange reserves and a more favourable macroeconomic outlook. He stressed that the government intends to keep the economy stable while carrying out reforms and pursuing growth that lasts. The minister also described steps to raise more domestic revenue, widen the tax net, modernise tax administration through digital systems and tackle difficulties in the energy sector.