Washington DC: In a series of interactions with key international finance bodies, Pakistan’s Finance Minister Muhammad Aurangzeb has reiterated the country’s commitment to sustaining economic growth through various strategic measures. Speaking with the World Bank-IMF Staff Association, Aurangzeb provided an overview of ongoing stabilization efforts in Pakistan, which include fiscal consolidation, improved governance and management of State-Owned Enterprises (SOEs), reduction of high energy costs, and enhancement of productivity and competitiveness in the private sector.

According to Ministry of Information and Broadcasting, during his meeting with Brent Neiman, the Assistant Secretary for International Finance at the US Treasury Department, Minister Aurangzeb expressed gratitude for the United States’ support in securing the International Monetary Fund’s Extended Fund Facility, which is vital for Pakistan’s economic reforms. These discussions highlight Pakistan’s proactive steps towards economic stability and growth, aiming to create a more favorable business environment and reduce energy expenditures, which are critical for the country’s progress.

These engagements in Washington DC are part of Pakistan’s broader strategy to communicate its economic reforms and foster international cooperation for continued support and investment.