Bangkok: Senator Muhammad Aurangzeb, Pakistan’s Federal Minister for Finance and Revenue, engaged in a series of high-level discussions with international investors, multilateral financial institutions, and government counterparts during the IMF-World Bank Annual Meetings in Bangkok. The talks focused on Pakistan’s macroeconomic stabilization, structural reforms, and sustainable, export-led growth.
According to Press Information Department, at the JP Morgan Investment Seminar, titled “Pakistan: The Road to Resilience in a Turbulent Global Economy Landscape,” the Finance Minister emphasized fiscal consolidation, revenue mobilization, and sustaining primary surpluses. He highlighted strong remittances, improved foreign exchange reserves, and efforts to replace costly borrowing with longer-maturity financing. The Minister also reiterated Pakistan’s commitment to the IMF program and prudent monetary policy.
In discussions with Moody’s representatives, Senator Aurangzeb welcomed the recent credit rating upgrade and outlined the government’s dedication to structural reforms and sustainable growth. He sought Moody’s perspectives on further strengthening Pakistan’s credit profile.
At the Bank of America Small Talks Symposium, the Minister highlighted improvements in Pakistan’s external position and reforms in tax administration and privatization. The talks also addressed managing regional conflict and sustaining investor confidence.
During a meeting with UN Deputy Secretary-General Amina J. Mohammed, the focus was on development financing, debt sustainability, and climate resilience. The Minister emphasized the need for simpler access to climate finance and a stronger voice for developing countries in international financial institutions.
In engagements with the OPEC Fund for International Development and the International Islamic Trade Finance Corporation, discussions centered on financing infrastructure projects and aligning borrowing costs with market conditions. The Minister outlined Pakistan’s strategy to replace costly short-term borrowing with longer-maturity financing.
Meetings with Alibaba International Digital Commerce leadership focused on advancing Pakistan’s digital economy and rationalizing e-commerce taxation. The Minister appreciated Alibaba’s support for small enterprises and discussed cooperation in cloud infrastructure and tax administration.
In talks with the International Organization for Migration, discussions revolved around climate mobility, skills development, and expanding safe migration pathways. The Minister underscored the economic contribution of overseas Pakistanis and the importance of formal remittance channels.
Lastly, in a bilateral meeting with Thailand’s Deputy Prime Minister Ekniti Nitithanprapas, discussions aimed at strengthening Pakistan-Thailand relations and expanding economic cooperation, with a focus on increasing bilateral trade and cultural ties.