Minister Aurangzeb engages with international financial institutions

Federal Minister for Finance and Revenue, Muhammad Aurangzeb, recently engaged with key figures from international financial institutions to discuss Pakistan's economic reform initiatives and development priorities. During his meeting with the World Bank's Regional Vice President for South Asia, Martin Raiser, in Washington DC, Minister Aurangzeb highlighted the government's focus on energy, taxation, and state-owned enterprises. He expressed satisfaction with the upcoming Country Partnership Framework between Pakistan and the World Bank, emphasizing the alignment of priorities in climate change, digitalization, and human capital development.

Furthermore, the Minister met with Deputy Under Secretary for International Finance at the U.S. Department of Treasury, Brent Neiman, to discuss Pakistan's positive economic indicators following the Stand-By Arrangement with the IMF. Minister Aurangzeb underscored the importance of reforms in taxation, energy, and SOEs, emphasizing the significant role of the United States as Pakistan's largest trading partner and a key source of remittances and FDI.

In another meeting with Jin Liqun, President of the Asia Infrastructure Investment Bank (AIIB), the Minister explored avenues for enhancing cooperation in infrastructure development. He highlighted Pakistan's economic progress and expressed gratitude for AIIB's support, particularly in co-financing the RISE-II program. The Minister also met with Managing Director of the International Finance Corporation (IFC), Makhtar Diop, to discuss economic indicators and seek IFC's support in various initiatives.

Overall, Minister Aurangzeb's engagements reflect Pakistan's commitment to sustainable economic growth through strategic partnerships and reforms in key sectors. The government's vision to realize the country's economic potential remains steadfast, with a focus on effective implementation and monitoring of development projects.