Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held crucial discussions with global leaders, including top officials from the International Monetary Fund (IMF) and the World Bank Group, during his visit to Washington on Monday.
The meetings focused on key issues such as economic reforms, climate resilience, and development projects in Pakistan.
The meetings were held on the sidelines of the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group, said a press release issued by the finance ministry in Islamabad on Tuesday.
Meeting with US Treasury official
The finance minister also held a meeting with Robert Kaproth, Assistant Secretary of the US Department of the Treasury, and briefed him on Pakistan’s improving macroeconomic indicators.
He highlighted ongoing reforms in taxation, energy, privatization, state-owned enterprises (SOEs), pensions, and debt management.
The minister underscored the significance of the World Bank’s Country Partnership Framework (CPF) in addressing Pakistan’s critical challenges, including population growth and climate resilience.
Meeting with IMF
During his meeting with IMF Managing Director, Ms Kristalina Georgieva, Minister Aurangzeb thanked the IMF team for reaching a Staff-Level Agreement on the First Review under the Extended Fund Facility (EFF) and a new arrangement under the Resilience and Sustainability Facility (RSF).
The minister reiterated Pakistan’s commitment to maintaining the reform momentum and extended an invitation from the Prime Minister of Pakistan for Ms Georgieva to visit the country.
Meanwhile, during a meeting with President of the World Bank Group, Ajay Banga, the Finance Minister expressed gratitude to the World Bank for its historical support to Pakistan and commended its leadership in developing a transformative CPF — a decade-long strategic roadmap centred around measurable impacts and outcomes.
He appreciated the World Bank’s ongoing assistance in crafting a comprehensive implementation strategy and action plan to operationalize the CPF while simultaneously enhancing overall efficiency.
The minister also provided a detailed overview of Pakistan’s macroeconomic turnaround and reaffirmed the government’s unwavering commitment to ensuring sustainable economic stability.
Talks with Deloitte team
Earlier, the minister met with the Deloitte delegation and apprised them of Pakistan’s macroeconomic outlook, the government’s sectoral development agenda, and its export-led growth priorities.
Both sides explored potential collaboration in energy sector reforms, critical minerals extraction and marketing, privatization, technology, crypto policy, and the operationalization of the Country Partnership Framework (CPF).
Aurangzeb also welcomed Deloitte’s planned visit to Pakistan in May 2025 to further deepen engagement.
