Multilateral institutions’ support key to economic stability: Aurangzeb

Executive Vice President Oceania and South Asia PARCO Mehmet Celepoglu called on Finance Minister Muhammad Aurangzeb in Islamabad today. He appreciated the government's robust macroeconomic performance, emphasizing its positive impact on the business environment. He also expressed gratitude for the government's proactive measures significantly benefiting the industry. The delegation requested facilitation regarding sales tax refunds and documentation procedures with the SBP. The Finance Minister appreciated the business plans of PARCO in Pakistan and highlighted the substantial increase in Pakistan's foreign exchange reserves. He underscored the ongoing support from multilateral institutions and the IMF, which are expected to further stabilize the economic landscape. The Federal Minister also outlined the government's efforts to enhance the tax-to-GDP ratio and tax base to improve economic growth and fiscal discipline and reiterated investment facilitation processes of the government. Source: Radio Pa kistan