PR No. 265

Finance Minister, UK Minister for International Development Discuss Economic Reforms, Investment, Energy Transition and Climate Resilience

Islamabad: October 16, 2026

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with H.E. Kirsty McNeill, UK Minister for International Development, on the sidelines of the World Bank Group–IMF Annual Meetings 2026 in Bangkok, Thailand, to discuss economic reforms, bilateral cooperation and climate resilience.

The Finance Minister highlighted fiscal consolidation, stronger reserves, sovereign rating upgrades and renewed access to international capital markets. He emphasized export-led growth, tariff and tax reforms, and expanding IT exports and upskilling freelancers.

He appreciated UK assistance through REMIT and support for the Reforms for Growth programme. The Finance Minister welcomed British International Investment’s growing investment pipeline. Discussions also covered privatization, airport outsourcing and aviation cooperation involving potential engagement with Airbus and Rolls-Royce.

Participants examined solar adoption, battery storage, grid viability and UK technical support for the energy transition. Both sides emphasized simpler climate finance access and bankable projects, with the Finance Minister highlighting disaster preparedness and the BRIDGE initiative.

PREVIOUS NEXT