Pakistan shifting away from aid to trade with GCC countries: FinMinister.
Pakistan shifting away from aid to trade with GCC countries: FinMinister. Strategic shift reflects Pakistan’s renewed economic confidence and reform momentum, says Aurangzeb. Inflation drops to single-digit from 38% peak. Primary surpluses and reserves strengthen external buffers. Ratings agencies upgrade Pakistan’s outlook this year. Finance Minister Muhammad Aurangzeb has that said Pakistan is shifting away from aid-based support towards trade and investment-led engagement, with a focus on deeper economic partnerships with Gulf Cooperation Council (GCC) countries. In an interview with CNN Business Arabia, Aurangzeb said the strategic shift, which he said has been clearly articulated by Prime Minister Shehbaz Sharif, reflects Pakistan’s renewed economic confidence and reform momentum, aimed at long-term economic sustainability. He said Pakistan has remained on a comprehensive macroeconomic stabilisation programme over the past 18 months, delivering what he described as “tangible...