Washington (TDI): Finance Minister Muhammad Aurangzeb has called for enhanced global cooperation to address rising economic challenges, highlighting the need for coordinated action to ensure stability in an increasingly uncertain global environment.
Speaking at the G24 Finance Ministers and Central Bank Governors’ Meeting in Washington, Aurangzeb said the global economy continues to face significant pressure from successive shocks, including recent geopolitical tensions in the Middle East.
He noted that these developments have triggered a major supply shock affecting energy markets, fertilizer supply chains, and broader financial conditions worldwide.
He underscored the importance of de-escalation, safeguarding critical maritime and energy corridors, and the sustained pursuit of peace to ensure global economic stability.
Read More: Aurangzeb Engages Global Leaders at IMF–World Bank Meetings to Boost Pakistan’s Economy
Senator Aurangzeb emphasized Pakistan’s support for the ongoing review of IMF program design and conditionality, stressing the need to preserve strong macroeconomic stability anchors while allowing greater flexibility to address macro-critical risks and advance growth and employment objectives.
The Finance Minister also underlined the importance of an early and substantive review of IMF surcharges, highlighting its significance for developing economies.
Read More: Aurangzeb Says Pakistan Exploring Multiple Financing Options to Replace $3.5bn UAE Loan
He further emphasized the need to deepen collaboration with the World Bank in areas such as job-intensive investment, infrastructure development, and innovative financing solutions to support sustainable growth.
Reaffirming Pakistan’s commitment to resilience, inclusion, and shared prosperity, the Finance Minister called for enhanced global cooperation to effectively address emerging economic challenges.
Sohail Majeed
Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.
