The Washington discussion included economic challenges, policy preferences, and Pakistan’s economic reform vision.
Privatisation, tax reform, and private sector amenities were also discussed.
In the US, the finance minister is discussing a fresh IMF credit program for Pakistan.
Tuesday, Muhammad Aurangzeb praised the IMF and World Bank for their economic development assistance to Pakistan.
Muhammad Aurangzeb, Federal Minister for Finance and Revenue, attended the G-24, Finance Ministers, and Central Bank Governors’ Meeting, according to a news release.
The minister talked about taxation, energy, privatization, and digitalization changes and the need to increase private sector investment and use the “Adaptation Fund” to mitigate climate change.
The nine-month, $3 billion IMF loan program to address a balance-of-payments issue that nearly drove the South Asian nation to default last summer is reaching its end.
In a Washington interview, Finance Minister Muhammad Aurangzeb claimed Pakistan has began negotiations for a new multi-year IMF loan program for “billions” of dollars. The last $1.1 billion tranche of that transaction is expected to be granted later this month
