Economic reforms steering country towards improvement: FinMin Aurangzeb
Business
Acknowledges complexities of banking system in country
ISLAMABAD (Dunya News) – Federal Finance Minister Muhammad Aurangzeb said on Saturday that economic reforms are steering the country’s economy towards improvement.
Speaking at a ceremony in Islamabad, the finance minister said that 10 to 15 percent of the country's population is already benefiting from digital businesses, and the trend toward digital assets is expected to grow further in the future.
He emphasised that facilitating traders and investors is the government’s top priority, and all efforts are being made to ease the investment process.
The minister highlighted that the process of economic reforms is ongoing, the national economy is moving towards recovery, and it is essential to adapt economic priorities according to modern demands.
Aurangzeb pointed out that digital investment is cost-effective, fast, and transparent, which makes it crucial to ensure transparency and improve regulations in this sector.
He also acknowledged that, compared to other countries, Pakistan’s banking system is complex and needs to be simplified and modernised to meet current needs.