Fiscal consolidation delivering results, says Aurangzeb as govt courts investors in London

Pakistan’s fiscal consolidation is delivering results through a primary surplus, deficit compression and stronger revenue mobilisation, Finance Minister Muhammad Aurangzeb said, as the government sought to attract international investment at a roundtable with leading investors and global financial firms. The remarks came during a “Pakistan Investment Roundtable” hosted by the Pakistan High Commission, London, with participation from leading investors and global financial management firms in London. Finance Minister Muhammad Aurangzeb attended as the keynote speaker. Governor of the State Bank of Pakistan Jamil Ahmed, Advisor to Finance Minister Khurram Schehzad, and High Commissioner of Pakistan to the UK Tipu Usman were also present, read a statement on Thursday. In his address, Aurangzeb stated that the Government of Pakistan was committed to macro-economic stabilisation and was vigorously pursuing sustained growth. He underscored that the structural reforms agenda is being implemented, which also aims at enabling the private sector. Aurangzeb apprised that the government has undertaken State-owned Enterprises (SOEs) reforms in addition to privatisation. He added that energy sect