Overview
- Finance Minister Muhammad Aurangzeb met UK Minister for Development Baroness Chapman in Islamabad for the first federal‑level development talks in eight years, with British High Commissioner Jane Marriott in attendance.
- Pakistan detailed a fiscal stabilisation plan centred on widening the tax base, tightening debt management, restructuring state‑owned enterprises, advancing privatisation and pension reform, and fixing energy‑sector losses.
- Officials highlighted digitalisation to curb revenue leakages and improve transparency as a core plank of tax administration and public finance reforms.
- The UK reaffirmed readiness to provide technical assistance, regulatory support and capacity‑building to improve governance, transparency and the business environment, while launching regulatory reforms with the prime minister and a new Green Compact on climate collaboration.
- Both sides agreed to coordinate closely with IMF and World Bank‑supported programmes, with Pakistan noting UK backing at the IMF that facilitated successful programme reviews.