FinMin expects continuous progress under GSP+

Federal Minister for Finance Muhammad Aurangzeb has expressed optimism about Pakistan's external sector outlook and reiterated the government's focus on enhancing competitiveness, deepening investment inflows and expanding trade opportunities. In this context, he also conveyed hope for continued progress under the GSP Plus framework, terming it an important pillar of Pakistan-EU economic relations. During a meeting with European Union Ambassador Raimundas Karoblis on Tuesday, the federal minister underscored Pakistan's steady return to macroeconomic stability and renewed engagement with international capital markets, which highlighted growing investor confidence and the government's commitment to a structured and forward-looking economic reform agenda. The finance minister noted that Pakistan had recently re-entered international capital markets after a four-year hiatus through a privately placed Eurobond transaction, which drew strong investor interest and was successfully upsized. He emphasised that the milestone reflected improving economic fundamentals and signalled a positive trajectory for Pakistan's global financial integration. Aurangzeb shared that the government was actively pursuing a diversified capital market strategy, including future international issuances and innovative financing instruments, aimed at strengthening external buffers and ensuring sustainable financing. During the meeting, the EU ambassador extended an invitation to the finance minister for participating in the high-level EU-Pakistan Business Forum scheduled to be held on April 28 in Islamabad, which the minister accepted. Aurangzeb is expected to deliver the keynote address at the opening session on the theme "Pakistan Rising: Incentives, Reforms and the Next Investment Frontier." The finance minister appreciated the EU's efforts to bring together a large number of international and domestic business representatives, noting that such initiatives would provide a platform to showcase Pakistan's improving business climate and investment potential, while fostering meaningful business-to-business engagement. He also highlighted the government's broader efforts to maintain macroeconomic stability, strengthen foreign exchange reserves and advance structural reforms to support sustainable and inclusive growth.