Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a productive meeting with Dr. Pan Gongsheng, President of the People’s Bank of China (PBOC), on the sidelines of the World Bank–IMF Spring Meetings 2026.
During the meeting, the Finance Minister expressed appreciation for China’s continued support for Pakistan at the International Monetary Fund (IMF), particularly within the IMF Executive Board.
Senator Aurangzeb informed Dr. Pan that Pakistan has successfully concluded a Staff-Level Agreement with the IMF for the third review under the Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF), with approval by the IMF Executive Board expected shortly.
The Finance Minister also provided an update on Pakistan’s plans for its inaugural Panda bond issuance and requested expedited approval from the National Association of Financial Market Institutional Investors (NAFMII).
He further apprised the PBOC President that Pakistan has recently met its Eurobond repayment obligations and has received additional financial support from the Kingdom of Saudi Arabia.
Senator Aurangzeb highlighted the immediate economic impact of the ongoing regional conflict, noting that the Government has activated targeted subsidies and demand management measures to mitigate its effects.
The meeting concluded with Dr. Pan extending an invitation to the Finance Minister to visit Beijing in the near future.
