Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said on Tuesday that the government remained open to collaborating with global financial institutions to advance investor outreach, including private placements and engagement with long-term investors, where appropriate.
“Federal Minister Aurangzeb along with his team at the Finance Division held a meeting today with a delegation of Citibank led by Habib Yousuf, Citi Country Officer, Citibank, accompanied by Ali Sana Rizvi, Corporate Banking Head, and Usama Paracha, Vice President, Corporate Banking,” the Finance Division said today.
During the meeting, the discussion covered recent developments in Pakistan’s international bond performance and the government’s approach towards external borrowing, with emphasis placed on pricing considerations, market timing, and the need to ensure that any future transactions are aligned with Pakistan’s broader debt sustainability and cost objectives.
The Finance Ministry team shared a high-level assessment of prevailing market conditions and Pakistan’s external financing outlook and briefed the Citibank delegation on the government’s ongoing work on sovereign funding programs, including preparatory work on medium-term note structures.
The ministry also noted that immediate focus remained on concluding priority transactions currently under process.
“It was conveyed that relevant internal approvals and structural groundwork have been undertaken and that engagement with the market would be considered at an appropriate time, subject to market conditions and pricing dynamics.”
The discussion also covered investor engagement strategies, with the Finance Ministry emphasizing the importance of active investor participation rather than passive flows.
“The Ministry highlighted recent positive portfolio inflows and noted that sustained, targeted engagement with institutional investors remains a priority,” the statement said.
The Finance Ministry team also outlined areas where Citibank’s global capabilities could be leveraged more effectively, particularly in relation to structured programs, documentation frameworks, and market infrastructure, the press release said.
The discussion touched upon potential trade-related and hedging structures, with the Finance Ministry reiterating that such options would be considered once baseline documentation and pricing considerations are adequately addressed.
Finance minister Aurangzeb emphasized the value of sustained on-ground engagement and senior-level involvement by international financial institutions to build momentum and develop a deeper understanding of Pakistan’s evolving economic landscape.
“He noted that Pakistan has historically been an important market for global banks and underscored the need to build upon this legacy through consistent engagement, institutional commitment, and alignment with the country’s reform and financing priorities.
The meeting concluded with both sides agreeing to maintain continued dialogue and explore avenues for closer cooperation, with the Finance Ministry welcoming Citibank’s interest in engaging on sovereign solutions and reaffirming its openness to constructive engagement that supports Pakistan’s financing strategy and broader economic objectives.”