Federal Minister for Finance and Revenue, Muhammad Aurangzeb, chaired the third meeting of the Revenue Mobilisation, Investment, and Trade (REMIT) Program Steering Committee on January 2, 2025. The session reviewed the implementation status of decisions made in previous meetings, focusing on key areas such as revenue mobilization, trade, investment climate, and macroeconomic governance.
Aurangzeb lauded the overall progress of the REMIT Program, emphasizing the need for a proactive and well-coordinated approach among implementing partners. He highlighted the importance of leveraging management and monitoring tools to ensure that the program achieves its objectives effectively. Expressing his personal commitment to the initiative, the Minister pledged to oversee its progress closely to ensure it remains on track.
During the meeting, discussions revolved around strengthening macroeconomic stability and fostering conditions for sustainable and inclusive growth. Key topics included enhancing revenue mobilization, improving the investment climate, advancing trade, and addressing macroeconomic challenges. Special attention was given to incorporating strategies to tackle climate change, a critical issue that intersects with the program’s goals.
Prominent attendees included British High Commissioner to Pakistan Jane Marriott and senior representatives from multiple government ministries, such as the Ministry of Planning, Ministry of Finance, Ministry of Commerce, and Ministry of Industries and Production. Other key participants included the Board of Investment, the Federal Board of Revenue (FBR), and REMIT’s implementing partners, including the World Bank, GCSI, and ASI.
The REMIT Program, a collaborative effort supported by international and domestic stakeholders, aims to strengthen Pakistan’s economic framework by focusing on reforms that enhance revenue generation, attract investment, and streamline trade processes. This initiative aligns with the country’s broader goals of achieving macroeconomic stability and fostering an environment conducive to sustainable growth.
Aurangzeb’s emphasis on a unified and collaborative approach reflects the government’s commitment to addressing critical economic challenges. The REMIT Program’s success relies heavily on the active participation of all stakeholders and the effective use of modern monitoring tools to measure progress and outcomes.
The inclusion of climate change in the program’s agenda underscores its forward-thinking approach, recognizing the interconnectedness of environmental challenges with economic resilience and growth. By integrating climate-conscious strategies, the REMIT initiative aims to position Pakistan as a more sustainable and competitive economy on the global stage.
This latest meeting reaffirms the government’s focus on achieving high and inclusive economic growth. With strong leadership and robust collaboration among stakeholders, the REMIT Program is poised to play a pivotal role in transforming Pakistan’s economic landscape while addressing pressing global and local challenges.