Bangkok: Pakistan’s Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and the Governor of the State Bank of Pakistan met with Fitch Ratings on the sidelines of the World Bank Group-IMF Annual Meetings in Bangkok to discuss the country’s economic performance and sovereign credit outlook.

According to Press Information Department, the Finance Minister highlighted the restoration of Pakistan’s access to the international capital market, fiscal consolidation, and sustained primary surpluses. Discussions included inflation trends, monetary policy, exchange rate stability, and the current account deficit. The talks also addressed reserve accumulation, reduced forward liabilities, and stronger external buffers to withstand economic shocks.

The Pakistani delegation emphasized improvements in debt sustainability, declining servicing costs, longer borrowing maturities, and bilateral rollover assurances. They reaffirmed their commitment to completing the IMF program, implementing structural reforms, and promoting export-led growth.

Additionally, the Finance Minister addressed trade and investment engagement with the United States and sought Fitch’s assessment of the requirements for progressing towards the BB rating category.