ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with a delegation of the American Business Forum (ABF) led by its President Osman Khalid Waheed at the Finance Division on Thursday.
Welcoming the delegation, the Finance Minister briefed participants on Pakistan’s improving macroeconomic outlook, highlighting progress on the fiscal and external fronts, as well as constructive engagement with international financial institutions and development partners.
He noted that despite global uncertainties and regional challenges, the government remains committed to maintaining macroeconomic stability and pursuing structural reforms to support sustainable growth.
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The Minister also apprised the participants of ongoing government efforts to manage energy sector challenges, strengthen supply chains, and ensure effective coordination across key ministries through a high-level committee chaired by him. He emphasized that the government is closely monitoring developments and remains fully engaged with both domestic and international stakeholders to safeguard economic stability.
Members of the American Business Forum appreciated the government’s reform agenda and shared a range of proposals aimed at improving the overall business environment. Key areas of discussion included tax policy rationalization, reduction in compliance burden, incentivization of exports, and facilitation of foreign exchange inflows. The delegation emphasized the need for predictable and consistent policies to encourage long-term investment.
The discussion also focused on sector-specific issues. Representatives from the pharmaceutical sector highlighted the potential to significantly increase exports with regulatory reforms, noting that the industry could expand exports from approximately USD 1 billion to USD 3-5 billion without requiring fiscal subsidies. They stressed the importance of modernizing regulations and ensuring consistency in pricing decisions.
Copyright Business Recorder, 2026
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