Washington, D.C: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged with Citibank representatives to discuss Pakistan’s capital market strategy during the World Bank-IMF Spring Meetings 2026. The meeting focused on the progress of Pakistan’s financial programmes and market engagements.

According to Press Information Department, Senator Aurangzeb informed the Citi team about the successful conclusion of a Staff-Level Agreement with the International Monetary Fund for the third review under the Extended Fund Facility, as well as the second review under the Resilience and Sustainability Facility. Approval from the IMF Executive Board is anticipated soon.

Senator Aurangzeb highlighted Pakistan’s timely fulfillment of external obligations, including the recent repayment of USD 1.4 billion on its Eurobond. He also acknowledged Saudi Arabia’s financial support. On capital market progress, he noted that Pakistan has re-entered international markets with a Eurobond issuance, the first in four years, signaling increased investor confidence.

The Finance Minister updated on Pakistan’s inaugural Panda bond issuance, indicating that regulatory submissions are complete, with approval expected soon to enable issuance by May. He detailed a broader Global Medium Term Note strategy, encompassing diverse issuances like Eurobonds, Sukuk, and rupee-linked, dollar-settled bonds.

Senator Aurangzeb valued the capital markets strategy presented by Citibank and recommended ongoing coordination with Pakistan’s Debt Management Office. He concluded by appreciating Citibank’s involvement in Pakistan and expressed interest in strengthening the partnership further.