Pakistan Pushes Digital Reforms and Green Growth to Boost Economy
Finance Minister Muhammad Aurangzeb met Acumen CEO Jacqueline Novogratz on Tuesday to explore new investment opportunities. They discussed climate resilience, digital innovation, and ongoing economic reforms in Pakistan.
Aurangzeb outlined the government’s reform goals to stabilise the economy. He said the government is using artificial intelligence, data analytics, and digital tools to widen the tax base. He stressed that fiscal discipline and tariff reforms are key for sustainable growth.
Driving Economic and Digital Change
Aurangzeb said Pakistan aims to raise its tax-to-GDP ratio to 11 percent. He added that the country plans to drive export-led growth to strengthen the economy. Pakistan and China have finalised 24 new joint projects under their economic framework.
He confirmed that all government payments will go fully digital by the end of the next fiscal year. Pakistan also plans to issue its first Panda bond by year’s end. He said the $500 million Eurobond payment was complete
Aurangzeb acknowledged two main challenges — climate change and population growth. However, he said the government remains committed to inclusive and resilient reforms. Novogratz praised Pakistan’s focus on green agriculture and poverty reduction. Acumen operates a $90 million Agriculture Resilience Fund to promote climate-smart farming.
PIA Privatisation Back on Track
Pakistan reopened the privatisation process for PIA after last year’s failed attempt. Eight investors showed interest, and four made the shortlist. Final bids will take place in late 2025.
The sale could mark Pakistan’s first major privatisation in nearly 20 years and aligns with IMF-backed reforms.
