Islamabad: Finance Minister Muhammad Aurangzeb has reaffirmed the Government's commitment to fiscal discipline, external sustainability, and reform momentum, while creating greater space for domestic and international private capital. He was speaking at the J.P. Morgan Conference in London.

According to Radio Pakistan, the Finance Minister stated that the objective is to ensure that stability becomes durable and provides the foundation for a growth model driven by investment, productivity, exports, and private sector activity, rather than short-term, consumption-led expansion. The Government is developing a National Private Equity Framework to mobilize institutional capital into businesses and projects, aiming to strengthen the ecosystem for private equity and venture capital.

The Finance Minister also noted that access to finance is being expanded across SMEs, agriculture, and housing, so that macroeconomic stability could translate into greater credit, investment, and productive activity. On external economic engagement, Muhammad Aurangzeb emphasized that Pakistan is moving from traditional dependence on aid towards stronger trade and investment flows. He highlighted the importance of bilateral partnerships and the need to deepen trade in goods and services and attract greater long-term investment through mutually beneficial economic relationships.

On the occasion, the Governor of the State Bank of Pakistan, Jameel Ahmad, highlighted the strengthening of Pakistan's external position. He noted improvements in foreign exchange reserves, the quality of reserve accumulation, rising remittance flows, and strengthening external-sector fundamentals.