Aurangzeb reaffirms reform agenda in MENAP meeting | The Express Tribune
Key Takeaways
- Pakistan has achieved macroeconomic stabilization and is committed to reforms in taxation, energy, and SOEs.
- The Finance Minister invited global investment in key sectors like mining, digital infrastructure, agriculture, and pharmaceuticals.
- Minister Aurangzeb briefed investors on positive fiscal and monetary momentum during the Citi Macro Forum.
- Discussions were held with US officials to expand economic partnership beyond trade, focusing on energy and technology.
- Pakistan sought collaboration with the Saudi Fund for Development on major infrastructure projects like ML-1 and skills development.
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb reaffirmed Pakistan's commitment to structural reforms across taxation, energy, and State-Owned Enterprises during the IMF-World Bank Annual Meetings. Addressing the MENAP Ministers and Governors Meeting, he expressed satisfaction with the Staff-Level Agreement with the IMF and highlighted the nation's digital transformation journey. Aurangzeb extended an open invitation for global investment in promising sectors such as minerals, mining, digital infrastructure, and agriculture. Furthermore, he engaged with US government officials, including discussions at the White House focused on translating trade consensus into a broader economic partnership. The minister also met with officials from the Saudi Fund for Development to discuss collaboration on major infrastructure projects and engaged with leaders from Mashreq Bank, underscoring Pakistan's commitment to fostering a dynamic financial ecosystem while seeking continued support from the IMF and World Bank.
