Shenzen June 5 2024: Finance Minister Muhammad Aurangzeb stated in a televised event in Shenzen that the State Bank of Pakistan’s record high borrowing costs are expected to ease this year due to a significant reduction in inflation.
Pakistan is currently negotiating “a longer and larger” debt program with the International Monetary Fund to implement structural economic reforms.
The government aims to increase the tax-to-GDP ratio to 13%-14% from the current approximately 10%.
According to Deputy Prime Minister Ishaq Dar, 84 state-owned enterprises are being considered for privatization.
