Federal Finance Minister Muhammad Aurangzeb held a series of high-profile meetings in the United States this week, showcasing Pakistan’s economic reforms and investment potential.
During his Washington visit, Aurangzeb met with Nobumitsu Hayashi, governor of the Japan Bank for International Cooperation (JBIC). He also addressed the JP Morgan Investment Seminar and participated in the World Economic Forum (WEF) meeting on sustainable and inclusive development through innovation.
Meeting With JBIC Governor: Strengthening Pakistan-Japan Ties
Aurangzeb praised JBIC’s official inclusion in the lending group for the Reko Diq project. He described this step as positive for strengthening economic relations between Pakistan and Japan.
He emphasized that the decision would send a strong message to Japanese investors about Pakistan’s growing attractiveness. Aurangzeb also reaffirmed the government’s commitment to ensuring trust and security for foreign investors.
JP Morgan Seminar: Economic Policies and Reforms
At the JP Morgan seminar, Aurangzeb provided an overview of Pakistan’s economic policies, recent achievements, and reform measures. He highlighted improvements in fiscal discipline, governance, and external sector stability.
The finance minister also briefed attendees on Pakistan’s Staff-Level Agreement (SLA) with the International Monetary Fund (IMF). This covers the second review of the Extended Fund Facility (EFF) and the first review of the Resilience and Sustainability Facility (RSF). Aurangzeb noted that global credit rating upgrades reflect renewed confidence in Pakistan’s reform agenda.
In other related news also read Aurangzeb Reaffirms Pakistan’s Commitment to Ongoing Economic Reforms
World Economic Forum: Innovation and Sustainable Growth
During the WEF meeting, Aurangzeb discussed the role of technology and innovation in promoting inclusive growth. He highlighted AI-based reforms by the Federal Board of Revenue (FBR) that have increased efficiency and transparency.
Aurangzeb pointed out that these AI-driven reforms have boosted productivity, improved service delivery, and increased small farmers’ income. The minister stressed that innovation is central to Pakistan’s development strategy.
