“Rather than going cap-in-hand asking for new finance, the new government and its backers in the establishment and business would need to design first their own plans worth investing in, by the International Monetary Fund (IMF) and others. The only approach that can succeed is the one that redirects resources towards a more outward-oriented and less distorted economy, and an economy that serves the many, not the few.”(Stefan Dercon, Professor of Economic Policy at the Blavatnik School of Government, Department of Economics, Oxford University)

What Pakistan truly requires is not a larger handout, but a clear vision focused on harnessing domestic resources to address the current crisis and shape a future where the financial framework not only advances but also empowers both industries and individuals towards self-sufficiency and progress.

This comprehensive strategy must encompass tax restructuring, the recently negotiated IMF agreement (now in its 24th iteration), boosting exports, the privatisation of state-owned assets, providing support to existing investors (both local and foreign), and implementing strategic reforms to bolster these areas.

In the nation’s 76-year history, Aurangzeb steps into the position of Pakistan’s 45th Finance Minister. Top of Form

His track record of successfully navigating financial hurdles on the global stage, pioneering excellence in his prior roles, and consistently embracing innovation rather than adhering to conventional approaches inspires confidence in his ability to be up to the task. Pakistan requires a leader with both strategic foresight and innovative thinking, qualities that he has adeptly demonstrated.

Overall, Pakistan’s reserves are USD 13.37 billion, of which SBP’s (State Bank of Pakistan’s)........

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