Pakistan’s Finance Minister Muhammad Aurangzeb warned Wednesday that the nation’s growing population was a “time bomb” that had already exploded and called for immediate measures to alleviate the economic load, vowing to obtain a “Single B” credit rating this fiscal year.
He gave a speech at the 8th edition of The Future Summit in Karachi, outlining a thorough agenda that included important fiscal policies, economic difficulties, and changes required to spur growth.
According to him, the first quarter of the fiscal year saw an increase in the credit ratings, a sign that the economy was headed in the right direction.
According to the FinMin, “it is hoped that we will move towards a ‘Single B’ during this fiscal year so that we can rejoin the comity of nations.”
