Ambassador of Finland to Pakistan Hannu Ripatti called on Minister Senator Muhammad Aurangzeb at Finance Division today.
The minister shared updates on Pakistan’s economic performance, highlighting rise in tax collection, increased remittances, and foreign exchange reserves exceeding $9 billion. He emphasized the positive evaluation from international credit rating agencies, which reflect the stability of Pakistan’s economic environment.
The minister also discussed the successful conclusion of the 9-month SBA with the International Monetary Fund (IMF) and the recently finalized staff-level agreement for a 37-month IMF program. He also outlined ongoing initiatives, including end-to-end digitization in the Federal Board of Revenue (FBR) to broaden the tax base, reforms in the energy sector, restructuring of state-owned enterprises (SOEs), and focus on export-led growth. These initiatives are aimed at enhancing economic stability and promote long-term growth.
The Finnish Ambassador expressed his appreciation for Pakistan’s economic reforms and noted the improved fiscal situation of Finnish companies operating in Pakistan. The minister thanked the Ambassador for Finland’s continued support in the renewal of Pakistan’s GSP Plus status, which benefits the country’s export sector.
The meeting underscored the strong bilateral relations between Pakistan and Finland, and the shared commitment to fostering economic stability and growth.
Follow ProPakistani on Google News & scroll through your favourite content faster!
Support independent journalism
If you want to join us in our mission to share independent, global journalism to the world, we’d love to have you on our side. If you can, please support us on a monthly basis. It takes less than a minute to set up, and you can rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.
