Pakistan finance minister pledges reforms to strengthen tax system and investor confidence

Pakistan’s Finance Minister Muhammad Aurangzeb reaffirmed the government’s commitment to economic reforms and fiscal sustainability during a virtual dialogue with the Overseas Investors Chamber of Commerce and Industry (OICCI), attended by senior executives from leading multinational companies.

Aurangzeb emphasized recent changes implemented within Pakistan Revenue Automation Limited (PRAL) to enhance transparency and efficiency, with prospects for greater private-sector participation in data-driven enforcement.

In the discussion, Aurangzeb outlined the government’s medium-term economic strategy, focusing on broadening the tax base, increasing the tax-to-GDP ratio, and strengthening macroeconomic stability through structural reforms.

He noted that global investors, during his recent visit to the United States, had expressed confidence in Pakistan’s economic recovery and urged the government to maintain its reform momentum.

“We are committed to implementing reforms that will enable a more equitable tax regime, encourage investment, and position Pakistan on a trajectory of inclusive and sustained economic growth,” Aurangzeb said.

OICCI President Yousaf Hussain voiced support for the government’s economic direction, emphasizing efforts to expand exports, localize inputs, and improve competitiveness and production efficiency.