Washington: Finance Minister Muhammad Aurangzeb engaged in pivotal discussions with leaders from the Islamic Development Bank (IsDB), Mashreq Bank, and JP Morgan Bank, underscoring the collaborative efforts and economic reforms driving Pakistan’s progress. These meetings emphasized the strategic partnerships that bolster sectors such as energy, transportation, and health, and outlined the nation’s initiatives to engage more deeply with international capital markets.

According to Ministry of Information and Broadcasting, Mr. Aurangzeb praised IsDB’s significant contributions, particularly its role in co-financing the Mohmand Dam project, which sets a precedent for future large-scale infrastructure ventures. He recognized Mashreq Bank’s expanding operations in Pakistan, including the opening of a new office, as a sign of deepening economic ties. The discussions with JP Morgan focused on Pakistan’s improved economic outlook, the critical support of the IMF’s Extended Fund Facility, and the country’s plans to issue its inaugural Panda Bond.

These meetings reflect Pakistan’s ongoing commitment to strengthen economic stability through significant reforms in taxation, privatization, and the restructuring of state-owned enterprises, aligning with global financial practices and enhancing international investor confidence.