Finance Minister Advances Pakistan’s Economic Agenda at IMF–World Bank Spring Meetings

Washington, D.C.—Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, actively engaged with key global stakeholders during the IMF–World Bank Spring Meetings in Washington, D.C., as part of Pakistan’s broader strategy to strengthen international economic partnerships and promote investment in key sectors.

In a productive meeting with Mr. Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB), the Minister expressed gratitude for AIIB’s continued support of Pakistan’s development agenda. He discussed financing for critical infrastructure projects and reaffirmed Pakistan’s commitment to launching its first-ever Panda Bond within the current calendar year. He emphasized the importance of sustained collaboration with AIIB to support Pakistan’s long-term development needs.

During his session with representatives from S&P Global, Minister Aurangzeb presented a detailed overview of Pakistan’s macroeconomic progress, including recent fiscal consolidation efforts and structural reforms. He pointed to the recent credit rating upgrade by Fitch Ratings as a testament to Pakistan’s improving economic indicators and urged S&P Global to consider a similar reassessment in light of these developments.

The Finance Minister also held a meaningful dialogue with Her Majesty Queen Máxima of the Netherlands, focusing on the issue of financial inclusion—especially for women. He shared milestones achieved under Pakistan’s National Financial Inclusion Strategy and reiterated the Government’s commitment to advancing women’s empowerment through education, entrepreneurship, and greater digital financial access.

In a bilateral meeting with Turkish Finance Minister H.E. Mehmet Şimşek, the two sides explored avenues to deepen economic ties and expand trade. Minister Aurangzeb invited Turkish investment in Pakistan’s agriculture sector, particularly in dairy, cheese, and livestock, while also commending Türkiye’s innovation-driven approach in high-tech industries.

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These high-level engagements underscore Pakistan’s proactive approach in advancing its economic reform agenda, boosting investor confidence, and fostering inclusive and sustainable growth by strengthening international alliances.