Pakistan’s Finance Minister Muhammad Aurangzeb has stressed the importance of private sector-led economic growth, asserting that businesses should be operated by private entities rather than the government.

Speaking at an event hosted by the Securities and Exchange Commission of Pakistan (SECP) in Karachi, he stated that the government’s primary role is to provide a strong policy framework rather than directly managing enterprises.

“The government does not have the capacity to handle everything on its own. The private sector must take the lead in driving business growth,” he emphasized.

Pakistan’s Economic Sectors Showing Progress

Aurangzeb pointed out that Pakistan’s insurance sector is currently at a promising stage, and advancements have been made in the agricultural sector, bringing innovation and growth to the industry.

IMF Recognizes Pakistan’s Economic Progress

Highlighting Pakistan’s economic recovery, the finance minister shared details of a recent meeting between Prime Minister Shehbaz Sharif and IMF Managing Director Kristalina Georgieva in Dubai.

According to Aurangzeb, Georgieva acknowledged Pakistan’s economic progress, stating that the country is moving in the right direction. She also appreciated Pakistan’s efforts in implementing the IMF program effectively.

Economic Stability and Future Outlook

The finance minister reiterated the government’s commitment to strengthening the economy through structural reforms and private-sector engagement. He emphasized that sustainable economic growth depends on a strong business-friendly environment, increased investments, and policy-driven development.