Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held back-to-back productive meetings with H.E. Lan Fo’an, Finance Minister of China, and Saudi Minister of Finance, H.E. Mohammed Aljadaan, on the sidelines of the IMF-World Bank Spring Meetings in Washington, D.C.
Both the high-level engagements focused on strengthening bilateral economic cooperation and reaffirming partner support for Pakistan’s reform agenda under the IMF’s Extended Fund Facility (EFF) program.
In his meeting with H.E. Lan Fo’an, Finance Minister of China, Senator Muhammad Aurangzeb 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.
Meanwhile, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, also held an important meeting with the Saudi Minister of Finance, H.E. Mohammed Aljadaan, in Washington, D.C.
The Minister thanked H.E. Aljadaan for Saudi Arabia’s longstanding and strong support to Pakistan in its pursuit of economic development, including through support for the IMF programme.
He welcomed Saudi investments in Pakistan and reaffirmed the government’s resolve to stay the course on reforms.
The Finance Minister also extended an invitation to H.E. Aljadaan to visit Pakistan.
