Pakistan’s Finance Minister Muhammad Aurangzeb has expressed optimism about the country’s economic outlook, stating that foreign exchange reserves are expected to reach $10 billion by June this year. He emphasized the need for energy sector reforms and privatization to address the country’s financial challenges. Pakistan has requested a new bailout package from the IMF, which the Finance Minister believes is crucial for economic stability. Despite the government’s efforts to control inflation and reduce deficits, the IMF has noted that Pakistan’s external buffers have deteriorated. The minister also highlighted the growth in tax collection and the improvement in the agriculture sector.
