Bangkok: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held extensive meetings with international development partners and financial institutions to discuss pivotal issues concerning development financing, sovereign debt management, and economic resilience amid prevailing regional and global uncertainties.
According to Press Information Department, during a meeting with Mr. Alexander De Croo, Administrator of the United Nations Development Programme (UNDP), discussions focused on development financing, climate resilience, and employment generation. The Finance Minister stressed the importance of transforming available financing into viable projects and discussed UNDP’s Implementation Bridge and potential collaborations with the World Bank. The dialogue extended to cover biodiversity financing, debt-for-nature swaps, and private sector job creation.
The Finance Minister also engaged with delegations from various banks, including Sharjah Islamic Bank and J.P. Morgan, to deliberate on Pakistan’s economic outlook and investment opportunities. The discussions highlighted progress under the IMF programme, fiscal consolidation, and the country’s restored access to international capital markets. Prospective Sukuk issuances, Panda Bond issuance, and Eurobond tokenization were among the topics explored. The engagements focused on strategic debt management and investment opportunities in sectors such as power distribution and digital finance.
In a meeting with Mr. Jihad Azour from the IMF, the Finance Minister reviewed Pakistan’s economic performance and reform progress. The conversation addressed Pakistan’s resilience in the face of regional conflicts, energy procurement measures, and maintaining adequate supplies for food security. Both parties emphasized the continuation of reforms and the link between economic stability and national security.
On the sidelines of the Annual IMF-WORLD BANK meetings, the Finance Minister underscored Pakistan’s economic stabilization efforts and investment opportunities in discussions with international media.