Bangkok: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged in discussions with Dr. Abdulhamid Alkhalifa, President of the OPEC Fund for International Development, during the World Bank Group-IMF Annual Meetings in Bangkok, focusing on the M6 motorway project and other infrastructure priorities for Pakistan.

According to Press Information Department, the Finance Minister highlighted Pakistan’s economic stabilization efforts, progress under the IMF programme, and renewed access to international capital markets. He expressed appreciation for the OPEC Fund’s willingness to support trade and project financing initiatives in Pakistan.

The discussions between the two leaders concentrated on the financing of the M6 motorway, including the status of the approved first tranche, the pending loan agreement, and subsequent funding tranches. The modernization of the ML-1 railway and power transmission infrastructure were also identified as key priorities requiring attention.

Both parties agreed on the need for expedited approvals and enhanced coordination to ensure timely delivery of these projects. Additionally, they addressed matters of regional peace and stability. The Finance Minister extended gratitude to Dr. Alkhalifa for the invitation to visit the OPEC Fund, with the potential to sign the project agreement during the visit.