Finance Minister & US envoy discuss economic reforms, bilateral cooperation

ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb engaged in a series of high-profile meetings to discuss economic reforms, bilateral cooperation, and strategies for Pakistan’s financial stability.

US Ambassador Donald Blome

In a farewell meeting, Aurangzeb met US Ambassador Donald Blome to discuss mutual interests, economic cooperation, and bilateral relations. The minister provided an overview of Pakistan’s current economic situation and the government’s reform agenda aimed at achieving macroeconomic stability.

Aurangzeb emphasised the importance of export-led growth to end the cycle of economic boom and bust. He highlighted ongoing reforms in key sectors of the economy to promote sustainable development.

Ambassador Blome appreciated the strong and enduring ties between Pakistan and the United States.

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Pakistan’s ambassador to China

The finance minister also held discussions with Pakistan’s Ambassador to China Khalil Hashmi. During the meeting, the minister was briefed on efforts to strengthen Pak-China bilateral relations, including high-level exchanges, trade, investment, and economic cooperation.

Both sides agreed to deepen strategic and economic ties and explore practical implementation of mutually beneficial opportunities in the coming years. The minister highlighted important achievements in the economic field and outlined efforts to boost confidence among investors and the business community in Pakistan.

The finance minister stressed the need for strong economic diplomacy and cooperation. “More economic partnerships are needed in a growing economy,” he added.

State Bank of Pakistan governor

Finance Minister Aurangzeb also met with State Bank Governor Jamil Ahmed to review ongoing initiatives aimed at stabilizing Pakistan’s financial structure. Discussions included measures to stabilize the exchange rate, strengthen foreign exchange reserves, and enhance the banking sector’s role in economic growth.

Both sides emphasized the importance of continuous cooperation between the Ministry of Finance and the State Bank to achieve economic stability and sustainable development. The meeting also addressed strategies to increase remittance flows and reinforce foreign exchange channels.

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