ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with Mr. Jameel Ahmad, the Governor of the State Bank of Pakistan (SBP), at the Finance Division.

The meeting served as a year-end review of Pakistan's economic and fiscal outlook, with a focus on measures to stabilize the country's financial framework. Governor Ahmad provided an update on the SBP's ongoing and future initiatives to address key economic challenges. A primary discussion point was the stabilization of the exchange rate and efforts to boost foreign reserves. Both officials acknowledged the banking sector's crucial role in driving economic growth and its positive performance over the past year. In addition, the meeting explored strategies to enhance the inflow of workers' remittances, which remain a vital source of foreign exchange for the country. Both parties emphasized the need for continued collaboration between the Finance Ministry and the SBP to ensure the effectiveness of these efforts and contribute to Pakistan's long-term economic stability.

Senator Aurangzeb and Governor Ahmad also reiterated the importance of maintaining a strong partnership between their respective institutions to achieve the government's economic goals. They underscored the necessity of aligning fiscal and monetary policies to support sustainable growth and improve the overall economic outlook for 2025 and beyond. The meeting concluded with both officials expressing their shared commitment to overcoming the challenges facing the economy and working together to create a stable and prosperous future for Pakistan.