Washington: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a series of meetings with the senior management of the IMF including Dan Katz, First Deputy Managing Director, Nigel Clarke, Deputy Managing Director, Jihad Azour, Director of the IMF's Middle East and Central Asia Department and Iva Petrova, Mission Chief for Pakistan.
Reviewed Pakistan's macroeconomic performance and progress under the EFF, RSF, and broader IMF-supported reform programme. Highlighted improved fiscal and external balances, achievement of revenue targets, stronger foreign exchange reserves, record remittances, and an improved current account position.
Discussions covered tax and energy reforms, privatization, tariff rationalization, debt management, diversification of financing sources, and Pakistan's return to international capital markets.
Both sides also exchanged views on human capital development, women's economic participation, demographic challenges, technology-led growth, and private sector-led, export-oriented development.
Concluded by thanking the Fund for recognizing Pakistan's strong programme ownership and reform progress, while reaffirming the Government's commitment to fiscal discipline, policy credibility, structural reforms, and long-term economic transformation.
Federal Minister for Finance and Revenue, Senator Muahmmad Aurangzeb, met with U.S. EXIM President and Chairman, John Jovanovic.
Discussed expanding Pakistan-U.S. economic and commercial cooperation with a focus on financing for specific long-term projects, and increased trade in agricultural commodities, including cotton and soybeans and hydrocarbons.
Welcomed the U.S. EXIM proposal of developing a broader framework to consolidate priority projects, establish a multi-year transaction pipeline, and facilitate U.S. financing, technology, equipment, and services.
Both sides agreed to identify near-term transactions, designate focal persons, and work towards finalizing the strategic framework, with a view to having it signed on the sidelines of UN General Assembly session in September 2026.