Washington, D.C.: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, participated in a roundtable discussion with institutional investors hosted by Jefferies International, coinciding with the World Bank-IMF Spring Meetings 2026. The session focused on Pakistan’s economic reforms and its engagement with the International Monetary Fund.

According to Press Information Department, during the session, the Finance Minister provided insights into Pakistan’s macroeconomic outlook, revealing that the country had reached a Staff-Level Agreement with the International Monetary Fund on the third review of the Extended Fund Facility and the second review of the Resilience and Sustainability Facility. This agreement follows Pakistan’s fulfillment of all quantitative and structural benchmarks, and the IMF Executive Board’s approval is anticipated soon, which will release the next tranche under the program.

The Finance Minister also discussed the impact of the ongoing Middle East conflict on Pakistan’s economy, emphasizing the first-order effects and potential risks. He outlined the government’s policy measures, including targeted subsidies and broader austerity measures, aimed at maintaining the primary surplus under the IMF program.

Addressing external financing, Senator Aurangzeb informed investors of Pakistan’s efforts to revive its Global Medium-Term Note program. He mentioned that Requests for Proposals have been issued for lead managers for instruments such as Eurobonds, Sukuk, and dollar-settled rupee-linked bonds. Additionally, he noted that Pakistan’s inaugural Panda Bond issuance is pending regulatory approvals.

The session concluded with an interactive question-and-answer segment, demonstrating investor interest in Pakistan’s economic reforms and future prospects.