Aurangzeb rules out consumption-led growth, says tariff reforms will continue

Finance Minister Muhammad Aurangzeb has ruled out pursuing liquidity-fuelled, consumption-led economic growth, saying Pakistan must prioritise sustainable, export-led expansion and continue with tariff reforms to improve the competitiveness of its industries. Speaking at the Lahore University of Management Sciences (Lums) on Saturday, Aurangzeb said Pakistan could not afford to repeat the cycle of import-dependent growth that had previously led to balance-of-payments problems and forced the country to seek support from lenders of last resort. He said the government was committed to continuing…