The Finance Minister welcomed the Italian Ambassador and highlighted the significant improvements in Pakistan's economic landscape.


Islamabad: Italian Ambassador Ms. Marilina Armellin called on Finance Minister Muhammad Aurangzeb in Islamabad today, to discuss the cooperation and longstanding relations between Pakistan and Italy.
The Finance Minister welcomed the Italian Ambassador and highlighted the significant improvements in Pakistan's economic landscape.
He discussed the government's achievements, in decreasing current account deficit, globalization of currency, the stock market reaching an all-time high and the successful completion of the nine-month Stand-By Arrangement with the International Monetary Fund. He further mentioned that the ministry is currently in engagement with the IMF mission for a new program on longer term basis.
The Minister also outlined the government's strategic initiatives aimed at broadening the tax base by targeting previously untaxed and under-taxed segments. Additionally, he reiterated the government's commitment to privatize various State-Owned Enterprises, starting with Pakistan International Airlines also followed by major airports. He noted that the Government's policy reflects a shift from aid to investment in Pakistan's economic strategy.
The Minister also shed light on Pakistan's potential in IT and agriculture sectors, inviting Italian investors to explore these investment areas.
Ambassador Armellin acknowledged the promising economic indicators and appreciated the upward trend in Pakistan's economy. She emphasized the potential for enhanced cooperation between Italy and Pakistan, particularly in the textile, machinery, agriculture, and dairy sectors.
The Finance Minister thanked the Italian government for their continued support and reiterated Pakistan's commitment to longstanding cooperation with Italy.

3 things about Hurricane Melissa that make it so unusual and dangerous
- 4 hours ago

What scientists saw underwater in Florida left them “shocked” — and devastated
- 4 hours ago

There’s a bigger story in the OpenAI for-profit news
- 4 hours ago

Zohran Mamdani’s child care gamble
- 4 hours ago

Trump optimistic about to end the trade war between the world’s two largest economies
- 2 hours ago

Security Forces killed 18 terrorists of Indian proxy, Fitna al Hindustan in Balochistan
- 7 minutes ago

Trump's granddaughter set to play in LPGA event
- 5 hours ago

Why Taylor Swift made herself the villain
- 4 hours ago

Season 2 of Netflix’s live-action One Piece premieres in March
- 6 hours ago

Is the US killing innocent people?
- 4 hours ago

CM Sohair Afridi writes letter to IHC for registering contempt of court case against Adiala jail authorities
- 2 hours ago

The tax avoidance playbook
- 4 hours ago










