Washington, D.C.: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, attended a luncheon hosted by the US-Pakistan Business Council, where he engaged with representatives of U.S. companies operating in Pakistan. This event took place on the sidelines of the World Bank-IMF Spring Meetings 2026.

According to Press Information Department, the Finance Minister provided an overview of Pakistan’s macroeconomic outlook and reform efforts. He informed the participants that Pakistan had secured 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, with the IMF Executive Board’s approval anticipated soon.

Senator Aurangzeb also discussed the economic repercussions of the ongoing Middle Eastern conflict, particularly concerning energy procurement, pricing, and logistics. He detailed the government’s policy measures aimed at stabilizing supply chains, managing demand, and offering fiscally-neutral targeted subsidies.

The Finance Minister highlighted positive developments such as a substantial increase in transshipment volumes through Karachi Port and record inflows under the Roshan Digital Account initiative. Furthermore, he emphasized efforts to broaden the domestic tax base, focusing on integrating segments of the informal professional economy into the tax net through targeted Federal Board of Revenue audits and sector-specific engagement.

The session concluded with an interactive question-and-answer segment, demonstrating strong interest from participants in Pakistan’s economic trajectory and reform initiatives.