Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met with Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), in Islamabad to review the nation’s economic performance and chart a path for the year ahead. During the meeting, the SBP Governor presented a detailed year-end review of initiatives aimed at strengthening Pakistan’s fiscal framework.
The discussion focused on measures to stabilize the exchange rate and bolster foreign reserves, both of which are critical to the country’s economic resilience. The performance of the banking sector was also a key agenda item, with both officials acknowledging its pivotal role in supporting economic growth and providing financial stability.
Efforts to enhance the inflow of workers’ remittances were another priority. As a vital source of foreign exchange, remittances play a significant role in Pakistan’s economy. The Minister and the Governor emphasized the importance of introducing measures to further incentivize and streamline these inflows, which have consistently supported the country’s balance of payments.
The meeting highlighted the importance of continued collaboration between the Finance Ministry and the State Bank to achieve economic stability and sustainable growth. Both sides recognized the need for cohesive efforts to address structural challenges and implement reforms that could attract investment, enhance fiscal discipline, and ensure long-term economic resilience.
This high-level engagement set the tone for 2025, reflecting a shared commitment to proactive policymaking and strategic coordination in navigating Pakistan’s economic challenges and opportunities.