Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with S&P Global Ratings on the sidelines of the World Bank Group–IMF Annual Meetings 2026 in Bangkok, Thailand, to discuss Pakistan’s economic progress and sovereign credit outlook.
The Finance Minister highlighted the successful September bond issuance, strong investor participation and progress under the IMF programme. He briefed the agency on improved tax collections, reserve accumulation and reduced swap and forward liabilities.
He reaffirmed commitment to structural reforms, fiscal discipline and sustainable export-led growth. He also outlined Pakistan’s ambition to enter the double-B rating category through sustained economic improvements.
Discussions covered agricultural income taxation, energy and food security, targeted relief and climate resilience. The Finance Minister noted S&P’s emphasis on policy continuity, reform implementation, a lower interest burden and stronger external buffers as key rating considerations.
