Finance Minister, SBP Governor Strategize on Boosting Remittances for Economic Growth

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting today with Jameel Ahmad, Governor of the State Bank of Pakistan, at the Finance Division. During the meeting, Governor Ahmad provided a comprehensive year-end review of the ongoing and planned initiatives aimed at strengthening Pakistan’s fiscal framework. He highlighted efforts to stabilize the exchange rate and bolster foreign reserves. The overall performance of the banking sector and its significant contributions to the economy were also discussed, with both sides recognizing the sector’s pivotal role in supporting economic growth. Additionally, the meeting focused on measures to further enhance the inflow of workers’ remittances, with a shared commitment to strengthening this vital source of foreign exchange for the country. Both the Minister and the Governor acknowledged the importance of continued collaboration between the Finance Ministry and the State Bank to achieve economic stability and sustainable growth. Separately, Aurangzeb held a meeting with Khalil Hashmi, Ambassador of Pakistan to China, who called on the Minister at Finance Division today. The meeting was also attended by Mr. Syed Tariq Fatemi, Special Assistant to the Prime Minister on Foreign Affairs. During the meeting, Senator Aurangzeb highlighted the significant strides made on the economic front, particularly the growing business and investor confidence in Pakistan. He underscored the importance of robust economic diplomacy and collaboration, emphasizing the need for greater economic partnerships in Pakistan’s expanding economy. Ambassador Khalil Hashmi briefed the Minister on his ongoing efforts to further strengthen the bilateral relationship between Pakistan and China. He shared details of high-level visits, exchanges, and agreements aimed at enhancing cooperation between the two nations, especially in the areas of trade, investment, and economic collaboration. The meeting ended with expression of commitment to further deepening the strategic and economic ties between Pakistan and China, recognizing the immense potential for mutual benefit in the years to come.