Washington, D.C.: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, participated in a key meeting with the Managing Director of the International Monetary Fund (IMF) alongside Finance Ministers, Central Bank Governors, and heads of regional financial institutions from the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region. The meeting was held on the sidelines of the World Bank-IMF Spring Meetings 2026.

According to Press Information Department, the Finance Minister described the ongoing crisis in the Middle East as a significant supply shock affecting global markets. He detailed measures taken by the Government of Pakistan to mitigate its immediate impacts, such as adjusting procurement strategies and pricing frameworks.

Senator Aurangzeb stressed the government’s shift from broad subsidies to targeted support to shield vulnerable populations. He mentioned that, in coordination with the State Bank of Pakistan, the government is assessing the crisis’s broader economic impacts, including inflation and economic growth.

The Minister noted Pakistan’s strengthened policy buffers and lessons learned from past external shocks, such as recent floods. He reaffirmed the government’s dedication to structural reforms and responsible policy adjustments to maintain macroeconomic stability.

Senator Aurangzeb concluded by appreciating the IMF’s support and engagement.