Finance Minister Muhammad Aurangzeb told Canadian High Commissioner Tarik Ali Khan that Pakistan’s sovereign credit profile is improving even as the government has set aside Rs. 75 billion to provide relief against rising fuel prices.

During a meeting, Aurangzeb briefed the Canadian envoy on Pakistan’s economic progress, highlighting the improvement in the country’s sovereign credit standing and the government’s ongoing reform efforts.

He also discussed the government’s Rs. 75 billion fuel relief package, which has been introduced to cushion consumers from the impact of higher petroleum prices.

The finance minister said the government remains focused on maintaining macroeconomic stability, strengthening external buffers and continuing structural reforms.

The meeting also covered opportunities for greater Canadian investment in Pakistan, particularly in mining, agriculture, renewable energy and other areas with export potential.

Aurangzeb emphasized the need to diversify trade and investment ties between the two countries. He also highlighted initiatives aimed at expanding investment activity, including an export processing zone and business ventures involving Canadian-linked companies.

The two sides further discussed the government’s privatization program, including opportunities in the aviation sector.

The finance minister said Pakistan was seeking long-term investors and would continue facilitating businesses interested in expanding their presence in the country.

The Canadian high commissioner welcomed Pakistan’s efforts to improve its economic position and expressed interest in expanding bilateral trade and investment.