Pakistan at better position on economic front: Finance Minister

Islamabad: Finance Minister Senator Muhammad Aurangzeb said on Thursday: “We have come to a better position on the economic front”.

Speaking at Pak-Saudi Arabia Business Forum, Finance Minister Muhammad Aurangzeb stated that in the last 14 months they were working on macroeconomics, today they have improved macroeconomic indicators and achieved significant success in its stability.

Muhammad Aurangzeb added that the current account deficit has reduced and the currency has stabilized. Payments to foreign investors have been made on time and Pakistan's credit rating has improved.

The Finance Minister further said that yesterday Pakistan Stock Exchange (PSX) made a record high in history. We have come to a better position on the economic front.

Speaking at the forum, Federal Minister of Commerce Jam Kamal said that there are great opportunities for investment in the market in Pakistan. There is also a great potential for cooperation from Saudi Arabia in the fields of pharma, surgery and sports. Pakistan wants to increase its presence in the Saudi market. Pakistan exports rice, meat, fruits, vegetables and fish to Saudi Arabia.