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Minister vows to create conducive environment for economic growth
November 26, 2024

Finance Minister Muhammad Aurangzeb has reiterated the government's commitment to ensuring policy continuity to create conducive environment for sustainable economic growth.

He was speaking at a meeting with a delegation of the International Accounting Standards Board led by its Chairman Dr. Andreas in Islamabad today.

The finance minister highlighted the government's comprehensive policy framework aimed at enhancing tax revenues through improved documentation and financial transparency. He emphasized the importance of standardizing financial regimes to align with global practices, which are crucial for fostering investor confidence, both domestic and international.

He expressed appreciation for the support provided by Institute of Chartered Accountants of Pakistan in advancing these efforts, emphasizing the role of professional organizations in promoting financial transparency and capacity building.

The Minister stressed that transparency and standardization are essential to attract investment and build confidence in Pakistan's economic framework.

The participants discussed the challenges and opportunities associated with the implementation of International Financial Reporting Standards in Pakistan.

The meeting concluded with a mutual commitment to further strengthen Pakistan's financial documentation and reporting practices in line with international standards.