Bangkok: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, took part in a panel discussion titled “Mitigating Sovereign Risks in Market-Access Countries” during the World Bank Group-IMF Annual Meetings 2026 in Bangkok, Thailand. The session focused on addressing fiscal and economic challenges in countries with access to international markets.

According to Press Information Department, the Finance Minister outlined Pakistan’s efforts in fiscal consolidation aimed at reducing inflation and rebuilding foreign exchange reserves. He detailed strategies involving revenue mobilization, tax administration reforms, expenditure control, and privatization as means to enhance economic stability.

He further described debt management strategies designed to decrease financing costs, extend debt maturities, and mitigate rollover risks. The Minister emphasized the importance of renewed market access in improving the external debt profile without expanding the overall debt size.

Senator Aurangzeb reaffirmed the commitment to national ownership of reforms in taxation, energy, state-owned enterprises, and pensions under the IMF-supported program. He highlighted the necessity of continuous reform implementation to ensure macroeconomic stability translates into sustainable growth and public welfare.