Finance Minister Holds Bilateral Meetings with Chinese and Saudi Counterparts on IMF-World Bank Sidelines

Washington, D.C., April 2025 —Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held productive bilateral meetings with the Finance Ministers of China and Saudi Arabia on the sidelines of the IMF-World Bank Spring Meetings in Washington, D.C.

In his meeting with H.E. Lan Fo’an, Finance Minister of China, Senator Aurangzeb recalled their previous engagement in Beijing in July 2024. He expressed gratitude for China’s steadfast support of Pakistan’s socio-economic development and its strong endorsement of Pakistan’s IMF-supported economic reform program under the Extended Fund Facility (EFF).

The Minister shared updates on Pakistan’s ongoing structural reforms, particularly in taxation, energy, privatization, public finance management, and the restructuring of state-owned enterprises (SOEs). He also briefed the Chinese delegation on the current status of the Panda Bond and requested the support of the People’s Bank of China (PBOC) to accelerate the issuance process.

The meeting concluded with Senator Aurangzeb extending a formal invitation to H.E. Lan Fo’an to visit Pakistan.

In a separate meeting with H.E. Mohammed Aljadaan, Finance Minister of the Kingdom of Saudi Arabia, Senator Aurangzeb conveyed Pakistan’s appreciation for Saudi Arabia’s continued and generous support in advancing Pakistan’s economic stability and development, particularly through contributions to the IMF program.

He welcomed growing Saudi investment interest in Pakistan and reaffirmed the government’s unwavering commitment to its economic reform agenda. The Minister also invited H.E. Aljadaan to visit Pakistan to further strengthen bilateral economic ties.