Finance Minister Muhammad Aurangzeb says Pakistan's economy is moving in the right direction, with improvement in corporate profitability, growing investor confidence, and increased participation in the Pakistan Stock Exchange.

Addressing the Pakistan Banking Summit in Karachi today, he said the government is utilizing all available resources to support economic growth and respond effectively to external challenges.

He said the government has introduced several measures to promote export-led growth, including abolition of advance tax and super tax for businesses with annual income below 500 million rupees.

The Finance Minister said the subsidized financing and the continuation of tariff reforms will help reduce the cost of raw materials.

He said the country's foreign exchange reserves are expected to reach around 18.4 billion dollars.

He said reforms in the banking sectors are meant to increase investment and boost business activities in the country.