PID

PR No. 152 PRESS RELEASE Washington DC: 18th April, 2024

Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb, held a meeting with Moody's Investor Service on the sidelines of IMF/ World Bank Spring meetings. Briefed them about key economic indicators and how macro-economic stabilization has been achieved after entering into Stand-by Arrangement (SBA) with IMF. Highlighted key priorities of the government around tax reforms, energy sector reforms and privatization agenda. Indicated intention of the government to tap international capital markets with a focus on Middle East and China. Addressed key questions related to inflation, level of foreign exchange reserves, debt repayments, external account vulnerability and domestic liquidity. Hoped that rating agency would upgrade credit rating of the country soon.

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GOVERNMENT OF PAKISTAN PRESS INFORMATION DEPARTMENT

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