Pakistan, Jan. 22 -- Pakistan's Finance Minister Aurangzeb said debt can boost the economy if used for productive investments. He spoke at the World Economic Forum in Davos on Wednesday. Aurangzeb emphasized fiscal discipline, export-led growth, and climate resilience as key priorities for long-term development.

Aurangzeb noted that borrowing should fund projects that generate exportable surplus rather than consumption. He highlighted Pakistan's achievements, including reducing the debt-to-GDP ratio from 75% to 70%, achieving a primary fiscal surplus, and lowering inflation to single digits. The central bank has also cut the policy rate to 10.5%, signaling improved economic stability.

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