Finance Minister Meets Deloitte Delegation to Discuss Energy Reforms and Critical Minerals Collaboration
Federal Minister for Finance and Revenue, Muhammad Aurangzeb, held a meeting today with a high-level delegation from Deloitte, led by Richard Longstaff, Managing Director and Head of Energy/Critical Minerals, and Mr. Sofyan Yusufi, Partner at Deloitte Risk and Financial Advisory – Government and Public Services.
The meeting was a follow-up to discussions held during the IMF/World Bank Spring Meetings 2025 in Washington DC, where collaboration avenues in critical minerals, energy sector reforms, privatization, and the operationalization of the Country Partnership Framework (CPF) were explored.
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Welcoming the Deloitte team to Pakistan, the Finance Minister appreciated their ongoing engagement and interest in supporting Pakistan’s development priorities. He reiterated the government’s commitment to leveraging private sector expertise to accelerate structural reforms and promote productivity and export-led economic growth.
Discussions focused on implementing the CPF and utilizing Deloitte’s technical advisory and global experience to support ongoing initiatives in sectors such as health, climate, energy, mining and minerals, and public-private partnerships. The aim is to ensure standardized, outcome-based, and streamlined project development.
The delegation informed the minister about their scheduled meetings with key stakeholders, including officials from the World Bank, Asian Development Bank, and the Economic Affairs Division.
Sharing insights from his recent meeting with World Bank President Ajay Banga, the Finance Minister emphasized Pakistan’s dedication to transparent and responsible financing. He underlined the government’s focus on two national priorities — climate resilience and population management — supported by significant funding, including the recently approved $1.3 billion Resilience and Sustainability Facility (RSF).
“At this stage of our reform journey, what Pakistan needs is not financing — it is strategic, tactical support and global expertise from our bilateral and multilateral partners,” the minister stated.
The meeting also included discussions on structuring future collaborations and defining key areas where Deloitte’s assistance could be crucial. The Deloitte team expressed strong appreciation for the improving economic indicators in Pakistan and reiterated their commitment to support the government’s reform and development efforts.
Both sides agreed to maintain close coordination in the coming weeks and to work jointly on identifying high-impact, outcome-based initiatives aligned with Pakistan’s economic transformation vision.
