Washington, D.C.: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged in a meeting with Mr. Nigel Clarke, Deputy Managing Director of the International Monetary Fund (IMF), at the World Bank-IMF Spring Meetings 2026. The discussions focused on Pakistan’s programme progress and external economic outlook.

According to Press Information Department, the Finance Minister provided an update on Pakistan’s external financing status, the implementation of the IMF-supported programme, and the country’s economic outlook, indicating that key indicators are on track. Senator Aurangzeb highlighted stronger-than-expected current account performance, bolstered by robust remittance inflows during Ramadan, and enhanced foreign exchange reserves through financial support from Saudi Arabia.

The Finance Minister elaborated on Pakistan’s financing strategy diversification, including plans to enter international capital markets with instruments like a Panda bond and Eurobond issuances to mitigate foreign exchange risks. Senator Aurangzeb acknowledged Mr. Clarke’s positive assessment of Pakistan’s approach, emphasizing the development of multiple funding avenues.

Both parties concurred on the potential persistence of regional and geopolitical shocks, stressing the importance of exchange-rate flexibility and fiscal space preservation. The Finance Minister also welcomed the upcoming visit of the IMF Mission team to Pakistan to review budget and programme aspects.