In Pakistan, the government has undertaken significant reforms in the energy sector and state-owned enterprises, including privatization efforts. At a meeting with Standard & Poor’s (S&P) Global Ratings, the Finance Minister highlighted multilateral financing support and the successful completion of an IMF standby arrangement.
The government emphasized its efforts to broaden the tax base, increase tax collection, and improve economic indicators, including foreign exchange reserves, stock exchange performance, and declining inflation. Talks are ongoing with the IMF for a new medium-term program to support economic reform. S&P appreciated the fiscal measures and improvements, acknowledging the government’s role in driving digital transformation and economic stability.
