Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a constructive meeting with representatives of Moody’s on the sidelines of the World Bank–IMF Spring Meetings 2026.
During the meeting, the Finance Minister informed Moody’s that Pakistan has successfully concluded a Staff-Level Agreement with the International Monetary Fund (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.
Senator Aurangzeb briefed Moody’s on Pakistan’s external financing position, noting that the country has successfully met its Eurobond repayment obligations and continues to honour all creditor commitments on schedule. He highlighted the financial support extended by the Kingdom of Saudi Arabia, which is expected to further strengthen Pakistan’s external position.
The Finance Minister outlined Pakistan’s medium-term strategy to re-access international capital markets, identifying key instruments under active preparation, including a Eurobond and a dollar-settled rupee-linked bond, as part of efforts to diversify financing sources.
He also provided an overview of the government’s response to the ongoing regional crisis, particularly in the energy sector, noting that measures have been taken to secure supply chains and implement full price pass-through, supported by targeted digital subsidies for vulnerable segments of the population.
Senator Aurangzeb further informed that Pakistan entered the current crisis with fertilizer stocks at significantly higher levels compared to last year, providing an important buffer during the critical planting season.
The meeting concluded with the Finance Minister reaffirming Pakistan’s commitment to continued engagement with Moody’s.
