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Aurangzeb speaks of fiscal prudence
ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Wednesday said Pakistan’s fiscal deficit had declined to 2.6 percent of GDP from a peak of 12.5 percent, while tax revenues increased by 40 percent over the past two years. The minister was talking at a penal discussion on “Mitigating Sovereign Risks in Market-Access Countries” at the World Bank–IMF Annual Meetings 2026, Bangkok. He attributed the economic turnaround to fiscal discipline, revenue mobilisation, debt management and structural reforms. READ MORE: Pakistan to refinance short-term external debt to red...
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