Pakistan expects over 4% growth, diversify financing with Panda bonds, Sukuk: Aurangzeb

Business Recorder reported that Finance Minister Muhammad Aurangzeb told overseas investors the country anticipates an expansion of 4% or more in the present fiscal year. Speaking at the Citi Macro Forum, he pointed to three straight years of primary surpluses, a fiscal gap at its lowest level in 22 years and firmer foreign exchange reserves. He presented these gains as evidence of ongoing macroeconomic stabilisation.

He set out plans to widen funding through more Panda bond issues, sukuk and a rupee-denominated bond settled in dollars, with the goal of cutting borrowing expenses and stretching debt repayment periods. On governance, he cited progress under the IMF programme, a broader tax base, tougher enforcement and better coordination with the provinces. He also said energy supplies would be maintained and vulnerable groups given targeted relief from existing budget allocations, amid the Middle East conflict.

In a separate session, Aurangzeb briefed investors at Standard Chartered Bank's Sovereign Investor Roundtable, where he emphasised ongoing structural changes, fiscal prudence and investment and export-driven growth that extends beyond the IMF programme. The session also covered reserves, inflation, energy security and climate financing. He also restated the government's pledge to strengthen Pakistan's sovereign credit standing.