Aurangzeb: Finance Division Will Present Next Budget

PESHAWAR: Finance Minister Muhammad Aurangzeb announced that the upcoming national budget will be presented by the Tax Policy Office. Speaking at the Pakistan Business Summit in Peshawar, he said this move aims to make tax policies more efficient. He added that the Finance Division will ensure better planning and implementation. The minister also stressed the need for fiscal discipline. He said smart policy decisions will support sustainable economic growth.

Aurangzeb confirmed that Pakistan has paid its $500 million Eurobond on time. The bond matured on September 30, 2025. He said this repayment shows the government’s commitment to meeting its financial obligations. Pakistan must now prepare to pay another $1.3 billion Eurobond in April 2026. However, he assured that the country is in a stronger position. This planned repayment is already under consideration.

The finance minister stated that Pakistan’s debt sustainability has improved. He said the country’s financial outlook is more stable than before. Debt indicators are showing positive trends. He credited recent reforms for this progress. According to him, improved governance and better planning are making a difference.

Foreign remittances are also rising steadily. The minister shared that remittances could reach $43 billion soon. This increase is helping to boost foreign exchange reserves. It also reflects the trust of overseas Pakistanis in the economy. He said these funds support both families and the national economy.

In closing, Aurangzeb said policy rates and government expenditures are declining. He suggested they could fall even further. Lower rates will encourage investment and support business activity. He emphasized that economic reforms are on track. With continued progress, Pakistan is heading towards greater financial stability.