ISLAMABAD: Finance Minister Muhammad Aurangzeb has sought China’s support for Pakistan’s membership in the BRICS New Development Bank (NDB) during a meeting with Chinese Deputy Finance Minister Liao Min in Washington.
Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb, met with Mr. Liao Min, Deputy Finance Minister of the People’s Republic of China, in Washington D.C.
The Minister briefed Mr. Liao Min on the recently concluded Staff Level Agreement (SLA) with the International… pic.twitter.com/KfmBiyYXKe
— Ministry of Finance, Government of Pakistan (@Financegovpk) October 17, 2025
According to the Finance Ministry, the meeting took place on the sidelines of the IMF and World Bank Annual Meetings. Aurangzeb is on a six-day visit to the US from October 13 to 18.
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a productive meeting with Congressman French Hill, Chairman of the U.S. House Financial Services Committee, in Washington D.C.
The discussion focused on strengthening Pakistan-U.S. economic and financial… pic.twitter.com/lFvd5t5wWk
— Ministry of Finance, Government of Pakistan (@Financegovpk) October 17, 2025
The minister welcomed stronger Chinese investment in Pakistan’s key sectors — including ICT, agriculture, industry, and minerals — and briefed the Chinese official on Pakistan’s recent staff-level agreement with the IMF, calling it an “external validation” of the government’s reform efforts.
Both sides also discussed the progress on Pakistan’s Panda Bond issuance in China’s financial market. Aurangzeb invited the Chinese deputy minister to visit Pakistan “at a mutually convenient time.”
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with Mr. Nobumitsu Hayashi, Governor of the Japan Bank for International Cooperation (JBIC), in Washington D.C.
The Minister appreciated JBIC’s formal commitment to join the Reko Diq lender group, noting… pic.twitter.com/ZJ5ClapMvu
— Ministry of Finance, Government of Pakistan (@Financegovpk) October 17, 2025
The NDB, founded in 2015 by Brazil, Russia, India, China, and South Africa, finances sustainable and infrastructure projects. Pakistan’s Economic Coordination Committee (ECC) had already approved joining the bank earlier this year.
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Aurangzeb also met US Congressman French Hill, chairman of the US House Financial Services Committee, to explore new ways to strengthen Pakistan-US financial cooperation. They discussed digital finance, the new economy, mineral development, and innovation partnerships.
Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb, met with Mr. Lutfey Y. Siddiqi, Special Envoy to the Hon’ble Chief Adviser of Bangladesh, in Washington D.C.
The Minister recalled the visit of Pakistan’s Deputy Prime Minister to Dhaka in August 2025 and… pic.twitter.com/5lUNOGolec
— Ministry of Finance, Government of Pakistan (@Financegovpk) October 17, 2025
During his trip, Aurangzeb also:
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Met JBIC Governor Nobumitsu Hayashi, welcoming Japan’s inclusion in the Reko Diq lender group.
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Reassured foreign investors about Pakistan’s commitment to security and stability.
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Held talks with Bangladesh’s Special Envoy Lutfey Y Siddiqi on enhancing regional economic cooperation.
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Met Saudi Finance Minister Mohammed Al-Jadaan to discuss PIA’s privatisation and airport investment plans.
At a roundtable hosted by the Atlantic Council, Aurangzeb outlined Pakistan’s strategy for economic reform, disaster resilience, and private-sector-led growth.
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He also met with the S&P Global team, welcoming its positive ratings update and noting that all major international agencies are now aligned on Pakistan’s economic outlook.