Finance Minister Engages with US Treasury Official on Economic Reforms and Financing


Bangkok: The Federal Minister for Finance and Revenue of Pakistan, Senator Muhammad Aurangzeb, held a meeting with Erin Browne, Under Secretary for International Affairs at the US Department of the Treasury. The discussion, which took place on the sidelines of the World Bank Group-IMF Annual Meetings 2026, focused on Pakistan’s economic outlook, ongoing reforms, and avenues for external financing.



According to Press Information Department, the Finance Minister presented Pakistan’s recent economic endeavors, including the issuance of a US$3 billion Eurobond in September. He elaborated on plans to expand financing options by incorporating Sukuk and Panda bonds, among other financial instruments. Progress within the IMF program, tax reforms, and the achievement of primary surpluses over three years were also highlighted, alongside foreign exchange reserves totaling approximately US$21.6 billion.



The conversation also addressed the effects of regional conflicts on energy supplies, inflation, and food security. The Finance Minister discussed strategies to ensure adequate supply levels and readiness for increased winter demand. He stressed the importance of export-led growth, enhancement of IT exports, improved competitiveness of goods, and long-term debt sustainability as pivotal to achieving a BB sovereign rating.



Additional topics included the privatization agenda, outsourcing of airport operations, collaboration with Boeing, and potential financing from the US Export-Import Bank. The Finance Minister expressed gratitude for the ongoing support from the United States in these initiatives.

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