Islamabad (Lord Media): Federal Finance Minister Muhammad Aurangzeb has stated that Pakistan anticipates economic improvement following the Iran-US agreement, but immediate changes to budget estimates would be premature. Speaking to a foreign news agency, he mentioned Pakistan’s desire to issue more global bonds, while expecting economic improvement by 2027 after the end of the Iran conflict.
The finance minister noted that the energy infrastructure suffered damage during the war, and a complete restoration of supply chains will take time. The conflict had pushed inflation back into double digits.
He revealed that Pakistan’s economic growth target for the fiscal year 2027 is set at 4%, with an inflation target of 8.2%. Defense spending has been increased by 18%, reaching 3 trillion rupees.
Muhammad Aurangzeb highlighted reliance on higher tax revenues to maintain the IMF program and plans to change the profile of creditors through commercial loans.
He added that the government will first regulate cryptocurrencies, tokenization, and digital asset exchanges before considering taxation on them.
