Pakistan’s economy shows signs of stabilization with inflation on a downward trend, said Finance Minister Muhammad Aurangzeb on Saturday and credited the latest political decisions to restore confidence.

In a speech with traders at Lahore Chamber of Commerce, Aurangzeb said the recent reduction in the central bank’s political rate has played a key role in promoting economic recovery.

“The economy is heading in the right direction,” he said. “We are obliged to support the industry and ensure that investors receive all necessary facilities. The concerns of the profession must be prioritized.”

He added that industrial growth was important for sustained financial stability and that the government’s economic team was focused on enabling productivity through lower input costs and structural reforms.

Aurangzeb said the government was also working to ensure that the benefits of falling inflation were transferred to citizens.

“We closely monitor the prices of significant raw materials to ensure that the ordinary man feels the relief,” he said.

The federal finance minister also announced that 24 state -owned companies will be privatized and that the tax relief will be delivered to employee individuals, as he said, has a disproportionate high tax burden.

“The Prime Minister personally conducts the financial resuscitation. You will soon see the results,” he said. He identified the minerals and the IT sector as potential gaming extensors of Pakistan’s economy.

Aurangzeb said Pakistan’s copper reserves could lead to benefits similar to Singapore’s nickel exports, worth $ 22 billion annually. He noted that barriers to profit conditions for foreign investors had been removed, which increased the investor’s confidence.

“We make sure that the benefits of reduced inflation reach the ordinary man,” he said. “Middlemners are not allowed to utilize the system.”