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Tuesday, October 14, 2025

Pakistan’s Finance Minister Accelerates Economic Diplomacy in Washington Meetings

Washington (TDI): The Finance and Revenue Minister of Pakistan, Muhammad Aurangzeb, is in the United States’ Capital for the annual week-long meetings of the International Monetary Fund (IMF) and World Bank (WB).

On the sidelines, the minister met US officials, the Pakistan-US Business Council, Director of the IMF’s Middle East and Central Asia Department, and the Senior Managing Director of the World Bank Group. He also attended the Commonwealth Finance Ministers’ Meeting.

In the noteworthy meeting with the Director of the IMF’s Middle East and Central Asia Department, Jihad Azour, Finance minister was accompanied by his delegation which included Pakistan’s Ambassador to the US, Rizwan Saeed Sheikh.

According to an official statement, “both sides exchanged views on Pakistan’s reform agenda and reaffirmed their shared commitment to sustaining the current momentum of reforms.”

“The meeting reviewed progress under the Second Review of the Extended Fund Facility (EFF) and acknowledged the importance of maintaining macroeconomic discipline,” the statement added.

During the Commonwealth Finance Ministers’ Meeting, the minister voiced support for the Loss and Damage Fund, and stressed how much climate finance matters for countries like Pakistan.

The centrality of climate crisis was also spotlighted by the minister as he met Axel van Trotsenburg, Senior Managing Director of the World Bank Group, in a separate meeting.

An official statement said that the “Minister reiterated that the climate crisis remains an existential challenge for Pakistan, referencing the devastation caused by recent floods and their severe impact on the agriculture sector and GDP growth.”

Talking to the Pakistan-US Business Council, minister Aurangzeb said the “private sector growth is vital to sustaining economic momentum.” He rested his case on private sector investments to compliment government-to-government level agreements between Pakistan and the US.

Read More: Pakistan Seeks Early IMF Staff-Level Agreement as Finance Minister Heads to US

In meeting with US Treasury officials, the minister focused on the investment landscape and discussed the possibility of US investments in diverse sectors in Pakistan, including agriculture.

During the day, minister Aurangzeb “also met with representatives of Citi Bank, where he acknowledged Citi’s longstanding partnership with Pakistan and appreciated its continued engagement.”

The Minister also interacted with US and international media, including interviews with the Associated Press and Reuters. He also attended a dinner hosted by Pakistan’s Ambassador in honor of the delegation.

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Established in December 2008, The Diplomatic Insight is Pakistan’s premier diplomacy and foreign affairs magazine, available in both digital and print formats.

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Established in December 2008, The Diplomatic Insight is Pakistan’s premier diplomacy and foreign affairs magazine, available in both digital and print formats.

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