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Pakistan Finance Chief Eyes IMF Staff Deal as Saudi Investment Push Accelerates

He travels to Washington for IMFWorld Bank meetings following cabinet approval of a Saudi security pact.

Overview

  • Finance Minister Muhammad Aurangzeb said IMF talks are constructive with few outstanding issues and voiced optimism about a staff-level agreement during the Washington meetings.
  • He virtually addressed a session for a visiting Saudi business delegation hosted by OICCI and the Pakistan Business Council, promoting private-sector-led growth and new investment opportunities.
  • He cited restored macroeconomic stability, alignment among major credit rating agencies, and Pakistan’s on-time $500 million Eurobond repayment on September 30 as confidence signals.
  • He outlined tax and energy reforms developed with industry and highlighted a prime minister–led digital transformation toward a cashless economy to expand the tax base.
  • He has departed on a six-day U.S. visit featuring meetings with IMF and World Bank leaders, sessions on FBR’s digital overhaul, and outreach to officials, investors, and rating agencies.