Aurangzeb: Minister for Finance Muhammad Aurangzeb emphasized the government’s commitment to economic reforms and fiscal discipline during a virtual meeting with Johana Chua, Head of Emerging Markets Economies at Citigroup Global Markets, and other investment community representatives.

The meeting focused on Pakistan’s recent economic developments, with the Minister highlighting the upgrade in the country’s sovereign rating by Fitch. This improvement was presented as an indication of Pakistan’s positive macroeconomic trajectory.

Aurangzeb discussed the successful conclusion of a Staff Level Agreement with the International Monetary Fund (IMF), with the next tranche expected soon. He also noted the approval of the Resilience and Sustainability Facility, describing it as a milestone achievement for Pakistan.

In terms of growth strategies, the Minister emphasized a pivot towards an export-led growth model. He reported a notable increase in IT services exports, which have reached $3.2 billion this year.

The investment community expressed appreciation for Pakistan’s macroeconomic progress and the reform measures being implemented. Johana Chua welcomed the advancements in the IMF program and praised the government’s commitment to fiscal consolidation, export growth, and tax reforms.

Both parties agreed to maintain regular communication and explore opportunities for future collaboration, with Citigroup reaffirming its interest in continued engagement with Pakistan.