ISLAMABAD: (APP) Federal Finance Minister Senator Muhammad Aurangzeb on Thursday emphasized Pakistan’s commitment to strengthening institutional cooperation and dialogue with friendly nations, especially in fiscal governance and revenue reforms.
The minister was speaking to a 13-member delegation from the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) of Nigeria, led by Barrister Imo Effiong Akpan, Federal Commissioner.
Senior officials of the Finance and Revenue Division were also present during the meeting, according to a press release issued by the Finance Ministry. Aurangzeb apprised the delegation of Pakistan’s macroeconomic progress and the government’s reform agenda under the leadership of the Prime Minister.
He underscored improvements in key macroeconomic indicators over the past 18 months, including increased stability in the external account, moderation in inflation, improved fiscal discipline, and enhanced market confidence, reaffirming the government’s commitment to maintaining the reform momentum through responsible economic management and sustained engagement with international financial institutions.
He also highlighted the major structural reforms underway, including the broadening of the tax base, enhanced digitization, real-time risk-based compliance, and improved documentation as part of Pakistan’s taxation reforms. He outlined progress in the energy sector aimed at addressing circular debt, improving governance, implementing cost-reflective tariffs, and moving towards market-based operations.
The minister further referred to reforms in state-owned enterprises, including the transition to a holding company structure and accelerated privatization, with 24 state-run enterprises already transferred to the Privatization Commission.
He added that pension reforms and rightsizing measures are being advanced to strengthen long-term fiscal sustainability through the modernization of pension frameworks and the rationalization of government expenditure.
Aurangzeb informed the delegation of the comprehensive transformation underway within the Federal Board of Revenue, being directly supervised by the Prime Minister, which includes end-to-end digitization of tax processes, strengthened customs automation, enhanced transparency and compliance enforcement, and preparatory work for transitioning toward the Pakistan Revenue Authority model.
He further reaffirmed Pakistan’s longstanding partnerships with friendly countries and emphasized the government’s focus on advancing B2B cooperation in key sectors, including mining, renewable energy, and industrial development. He assured the delegation of Pakistan’s readiness to continue supporting knowledge exchange and institutional collaboration with Nigerian counterparts.
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