PR No. 231
MEDIA BRIEF
Washington DC: October 25, 2024

Finance Minister Mr. Muhammad Aurangzeb met with the representatives of JP Morgan Bank. He provided an overview of the improvements in Pakistan’s economic outlook following the recently concluded Stand-By Arrangement (SBA). The Minister emphasized the importance of the IMF’s Extended Fund Facility (EFF) for lending permanence to macroeconomic stability and executing structural reforms. He highlighted significant reforms in taxation, privatization, and the overhauling of state-owned enterprises (SOEs). The Finance Minister also expressed Pakistan’s resolve to tap into International Capital Markets (ICM) through the issuance of its inaugural Panda Bond.

PREVIOUS NEXT