German Ambassador Hails Pakistan’s Economic Progress and Moody’s Rating Upgrade
ISLAMABAD, (APP - UrduPoint / Pakistan Point News - 25th Aug, 2026) Germany’s Ambassador to Pakistan, Ms. Ina Lepel, called on Finance Minister Senator Muhammad Aurangzeb here on Tuesday, expressing congratulation to Pakistan on the recent upgrade in its sovereign credit rating by Moody’s and appreciating the country’s economic progress despite regional geopolitical challenges.
She also appreciated the government’s ongoing efforts towards economic stabilization and structural reforms, and reaffirmed Germany’s interest in strengthening bilateral economic and business relations with Pakistan. She extended an invitation to Minister Aurangzeb to attend the 19th Asia-Pacific Conference of German Business (APK), to be held in Seoul later this year.
Key Highlights:
- Finance Minister Senator Muhammad Aurangzeb highlighted Pakistan’s macroeconomic progress, including stronger foreign exchange buffers and fiscal discipline.
- He emphasized policy continuity, improved business facilitation and institutional reforms for a more conducive business environment.
- The discussion covered digitalization of the Federal Board of Revenue (FBR) and its role in enhancing tax administration.
- The minister stressed on strengthening institutions, improving the business environment, and advancing reforms for sustainable economic growth.
Shared Commitment:
The meeting underscored a shared commitment to maintaining close engagement and exploring further opportunities for Pakistan–Germany economic cooperation and strengthened business ties.