Bangkok: In a meeting held on the fringes of the World Bank Group-IMF Annual Meetings in Bangkok, Thailand, Pakistan’s Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged in discussions with the Multilateral Investment Guarantee Agency (MIGA) Managing Director, Mr. Tsutomu Yamamoto. The talks centered on financing and guarantee support for Pakistan, with a focus on the nation’s improved sovereign ratings and access to international capital markets.
According to Press Information Department, the Finance Minister underscored the importance of aligning financing terms with Pakistan’s enhanced sovereign ratings. He expressed contentment with MIGA’s decision to revise pricing and emphasized the need to move forward with Board consideration and documentation. The discussions also touched on a hydropower-related case pending before the UK Supreme Court, with the Finance Minister noting that subsequent actions would be contingent on the Court’s decision.