During a high-level discussion at the World Economic Forum on global debt challenges faced by developing economies, Finance Minister Muhammad Aurangzeb emphasized Pakistan’s commitment to sustainable development.
Aurangzeb highlighted efforts to reduce government expenditures and debt servicing, noting that the debt-to-GDP ratio had fallen from 78% to 67%. “Pakistan aims to address rising population, poverty and environmental issues while seeking sustainable economic growth,” he said.
The Minister discussed Pakistan’s 10-year partnership program with the World Bank and shared plans to enhance engagement between companies under the second phase of the China-Pakistan Economic Corridor.
“Chinese companies will be encouraged to move production units to Pakistan, which could make it an export hub,” he added.