ISLAMABAD : Federal Minister for Finance Muhammad Aurangzeb has said that a strong capital market is essential for economic stability and sustainable development, while the private sector will play a key role in national growth.

Addressing a ceremony of the Capital Market Development Fund in Islamabad, Muhammad Aurangzeb said that the government’s primary focus is on stabilizing the current account and ensuring financial discipline under all circumstances.

He stated that the government aims to further strengthen cooperation with international financial institutions to stabilize the financial system. He added that reforms in the energy sector are also underway, with special focus on solar, wind, and hydropower generation.

The finance minister reaffirmed that fiscal discipline, economic stability, and promotion of the private sector remain top priorities of the government.

Expressing concern over regional developments, he said he hopes the ongoing conflict between the United States and Iran ends soon to reduce negative impacts on the global economy.

He added that Pakistan’s leadership is actively working to reduce regional tensions, while emphasizing the need for a cautious and balanced approach in the current situation.