Washington (TDI): Federal Minister for Finance and Revenue Muhammad Aurangzeb held a key meeting with Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), along with the IMF mission team to Pakistan, on the sidelines of the Spring Meetings in Washington.
During the discussions, Aurangzeb appreciated the recent staff-level agreement and expressed hope for its early approval by the IMF Executive Board to maintain momentum in Pakistan’s reform program.
Senator Aurangzeb briefed Azour on the economic impact of the ongoing conflict in the Middle East, describing it as one of the most significant supply shocks in recent times. He highlighted that the government is actively managing the second and third-order effects of the crisis, particularly in relation to economic growth and inflation.
Read More: Pakistan, IMF Reach Staff-Level Deal, Unlock $1.2bn Tranche
The Finance Minister also underscored Pakistan’s successful Eurobond repayment and reaffirmed the government’s commitment to meeting all other bilateral and multilateral external obligations in a timely manner.
Read More: Pakistan, IMF Finalize Staff-Level Deal for $1.2bn Loan Tranche
Both sides discussed progress on fiscal and structural reforms, as well as ongoing efforts to enhance revenue mobilization. They agreed on the importance of maintaining macroeconomic stability as a foundation for sustainable and inclusive economic growth.
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.
