Islamabad: Pakistan’s economy is projected to grow by more than four percent during the current financial year, according to Minister of Finance (MoF) Muhammad Aurangzeb.

Speaking at an EXIM Bank event in Islamabad on Monday, the minister expressed confidence in the country's economic trajectory, stating that Pakistan is successfully transitioning from stabilisation toward sustainable growth. He noted that the country achieved a GDP growth rate of approximately 3.7 percent during the previous fiscal year.

Aurangzeb highlighted key improvements in macroeconomic indicators, pointing out that the fiscal deficit has fallen to its lowest level in 22 years. He added that Pakistan has maintained primary fiscal surpluses for the past three years and registered a current account surplus in the preceding fiscal year.

Addressing the country’s historical pattern of boom and bust economic cycles, the minister attributed these recurring fluctuations to a heavy reliance on imports. He emphasised that the primary challenge facing the administration is not merely initiating economic expansion, but ensuring that the growth remains durable over the long term.

To achieve long term economic stability, Aurangzeb stated that the government is prioritising export-led growth. He explained that official policy and fiscal planning are focused on utilising available fiscal space to drive economic momentum and expand the national export base. According to the minister, the current federal budget provides explicit direction and institutional support aimed at boosting exports.

Furthermore, Aurangzeb called for a diversification of Pakistan's export portfolio. He also expressed support for providing subsidised financing mechanisms to small and medium sized enterprises (SMEs) to help drive broader economic participation and export capacity.