PID

PR No. 268 PRESS RELEASE Finance Minister Senator Muhammad Aurangzeb holds bilateral meeting with Chinese Finance Minister H.E. Lan Fo’an Washington, D.C., April 23, 2025

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a productive meeting with H.E. Lan Fo’an, Finance Minister of China, on the sidelines of the IMF-World Bank Spring Meetings in Washington, D.C. The Minister recalled their last meeting held in Beijing in July 2024 and thanked the Government of China for its unwavering support for Pakistan’s socio-economic development and for its strong backing of Pakistan’s economic reform program supported by the Extended Fund Facility (EFF) of the IMF. He briefed the Chinese side on the key reforms being undertaken in the areas of taxation, energy, privatization, public finance, and state-owned enterprises (SOEs). The Minister also provided an update on the status of the Panda Bond and requested the support of the People’s Bank of China (PBOC) to fast-track the issuance process. He concluded the meeting by extending a cordial invitation to the Chinese Finance Minister to visit Pakistan. -END-

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