Federal Finance Minister Muhammad Aurangzeb has said that comprehensive reforms are being implemented in the tax system, the scope of tax is being expanded.

Speaking at the ceremony in Islamabad, Muhammad Aurangzeb said that as a result of the reforms, tax collection has improved significantly, practical measures are being taken to prevent the illegal economy, increasing the tax rate in proportion to GDP is the first priority.

Mohammad Aurangzeb said that Pakistan has issued a 2-part Eurobond worth 3 billion dollars. This Eurobond is the largest bond transaction in the history of Pakistan. The issuance of Eurobond is a sign of confidence in Pakistan from international rating agencies.

Mohammad Aurangzeb has said that the Eurobonds of 5.5 years and 10 years have received better prices, the issuance of Eurobonds of 3 billion dollars is not a temporary or sudden decision, Eurobonds are part of GMTN strategy of 3 years medium term.

The Federal Minister of Finance has said that since April 2025, Pakistan’s rating has improved 3 times, investors from Asia, the Middle East, Europe and the United States have shown interest in Eurobonds, global investors’ confidence in Pakistan’s economy has been restored.

He said that global investors have confidence not only in the current situation but also in the future of Pakistan.