Pakistan Reports Improved Sovereign Credit Amid Rs 75 bn Fuel Relief Programme
Finance Minister Muhammad Aurangzeb told the Canadian High Commissioner that Pakistan’s sovereign credit profile has risen, while announcing a three‑month, Rs 75 billion fuel relief scheme to cushion consumers from recent fuel price hikes.
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Open on ProPakistani## Sovereign Credit Gains
Finance Minister Muhammad Aurangzeb briefed Canadian High Commissioner Tarik Ali Khan on Pakistan’s recent macro‑economic progress. He said the country’s sovereign credit rating has improved, reflecting advances in economic stabilization and structural reforms.
## Rs 75 bn Fuel Relief Programme
The government has earmarked roughly Rs 75 billion for a three‑month fuel relief initiative. The scheme will target eligible consumers to offset the impact of the latest rise in fuel prices. Aurangzeb emphasized that the relief program is part of a broader effort to maintain macro‑economic stability, strengthen external buffers, and continue reforms.
## Investment Dialogue
The meeting also explored ways to boost Canadian investment in Pakistan. The Canadian side highlighted opportunities in mining, agriculture and renewable energy, and both parties discussed potential joint ventures and expanded trade.
## Trade Diversification & Privatization
Aurangzeb called for greater diversification of Pakistan’s trade basket, especially in agricultural commodities. He also outlined the ongoing privatization programme, noting upcoming opportunities in the aviation sector and a desire to attract credible long‑term international investors.
## Additional Topics
Discussion touched on Pakistan’s export‑processing‑zone regime and a Canadian‑linked recycled‑clothing business, with the minister noting its employment and environmental benefits. The Canadian High Commissioner welcomed Pakistan’s stabilization measures and reiterated Canada’s interest in deeper economic ties.