Finance Minister Muhammad Aurangzeb on Wednesday briefed the visiting International Monetary Fund (IMF) mission on the country’s macroeconomic outlook, fiscal strategy, reform priorities, and the government’s ongoing efforts to ensure sustainable economic stability and long-term growth.

The meeting with the visiting IMF mission, led by Mission Chief Iva Petrova, focused on Pakistan’s macroeconomic stabilisation efforts, preparations for the upcoming federal budget, and the broader reform agenda aimed at strengthening fiscal and external sustainability while fostering sustainable economic growth.

During the meeting, both sides exchanged views on maintaining reform momentum, preserving macroeconomic stability, and advancing structural reforms to promote investment, productivity, and export-led growth within a balanced and forward-looking policy framework.

The finance minister appreciated the IMF’s continued engagement and constructive dialogue with the government of Pakistan.

He particularly acknowledged the productive discussions initiated during the Spring Meetings held in Washington earlier this year.

Senator Aurangzeb shared encouraging developments regarding Pakistan’s external sector, highlighting positive trends in remittances and export performance.

He noted that recent data indicated improvement in exports on both a month-on-month and year-on-year basis, reflecting growing resilience in the economy and a gradual strengthening of macroeconomic fundamentals.

The minister emphasised that while economic stabilisation efforts had produced encouraging results, the government remained fully mindful of the structural challenges confronting the economy, particularly external liabilities and the need to accelerate sustainable, export-led growth.

He reiterated the government’s commitment to deepening reforms aimed at strengthening macroeconomic stability without compromising long-term growth prospects.

In this regard, he underscored the importance of moving Pakistan away from recurring boom-and-bust cycles through structural reforms, productivity enhancement, deregulation, and improved export competitiveness.

The minister further stated that the government’s reform agenda had been carefully calibrated in consultation with international experts and economists.

He emphasised that the ongoing policy measures were not driven by short-term considerations, but formed part of a broader and technically grounded economic transformation strategy endorsed at the highest level.

The IMF mission acknowledged the positive progress made by Pakistan in maintaining macroeconomic stability despite a challenging global and regional environment.

The Mission appreciated the government’s continued commitment to prudent economic management and reform implementation.

It emphasised the importance of sustaining reform momentum, maintaining fiscal discipline, and advancing structural reforms to support durable and inclusive economic growth.

Discussions during the meeting also focused on the broader macroeconomic framework, the government’s reform agenda, and priorities for the upcoming budget.

The mission reaffirmed its commitment to continued engagement and constructive cooperation with Pakistan in support of the country’s economic reform programme and long-term economic resilience.

Commercial vehicle maker Tata Motors Ltd on Wednesday reported a 33.8 per cent rise in consolidated net profit at Rs 1,793 crore for the fourth quarter ended March 31, 2026, driven by strong volume growth.The company had posted a consolidated net profit of Rs 1,340 crore in the corresponding quarter of the previous financial year, Tata Motors said in a regulatory filing, as reported PTI.Total revenue from operations in the January-March quarter rose to Rs 26,098 crore from Rs 21,863 crore in the year-ago period.Vehicle wholesales during the quarter stood at 1.32 lakh units, up 25 per cent year-on-year.Total expenses in the quarter under review stood at Rs 24,134 crore.For FY26, consolidated net profit stood at Rs 3,030 crore compared with Rs 3,195 crore in FY25. The company said annual profit was impacted by exceptional items related to the new labour code and demerger-related costs.Total revenue from operations for FY26 increased to Rs 83,855 crore from Rs 58,217 crore in the previous financial year.For the full 2025-26 fiscal, total wholesales stood at 4.28 lakh units, up 14 per cent year-on-year.Commenting on the performance, Tata Motors MD and CEO Girish Wagh said FY26 marked a “clear inflection point” for the commercial vehicles industry, with volumes surpassing the pre-FY19 peak, supported by GST 2.0 reforms and sustained infrastructure spending.“For Tata Motors Commercial Vehicles, FY26 was a landmark year as we delivered milestones of revenues and profits and reinforced industry leadership and strengthened our market position,” he said.Wagh said the underlying demand fundamentals remain resilient despite geopolitical uncertainties signalling some moderation in the near term.“With strong business fundamentals, proactive risk mitigation, disciplined execution and a refreshed portfolio offering industry-leading TCO (total cost of ownership) and smart digital solutions, we remain agile and well positioned to sustain momentum through customer-centric solutions to create long-term stakeholder value,” he added.The company’s board has recommended a final dividend of Rs 4 per fully paid-up ordinary share of Rs 2 each for FY26, subject to shareholders’ approval.