Pakistan plans to launch its first Panda bond in January, targeting $250 million. The issuance falls under a broader $1 billion Panda Bond Program. Finance Minister Muhammad Aurangzeb shared the update while chairing a review meeting. During the meeting, officials briefed the minister on approvals, investor outreach, and regulatory progress. Moreover, the Debt Management Office […]
Finance Minister Muhammad Aurangzeb
IMF okays $1.2bn as Aurangzeb hails resilience
Pakistan has secured a $1.2 billion disbursement after the IMF Executive Board approved key programme reviews. Finance Minister Muhammad Aurangzeb said the achievement reflects the country’s growing economic resilience. He added that Pakistan maintained stability despite severe flood-related challenges. Aurangzeb, in a statement, credited federal ministries, provincial governments, and senior officials for supporting the structural […]
Govt calls IMF corruption report a charge sheet, sets Dec 31 deadline
The government has declared the IMF’s Governance and Corruption Diagnostic (GCD) report a charge sheet and announced that an action plan will be prepared by December 31. The development came during separate meetings of the Senate and National Assembly standing committees on finance, where the IMF report was reviewed in detail. The Senate finance committee […]
Floods may derail 4% growth target, says Finance Minister
Finance Minister Muhammad Aurangzeb has said that Pakistan’s target of over 4% economic growth this year is now difficult to achieve due to the impact of recent floods. Speaking to Chinese media, he explained that despite the challenge, the government remains hopeful of achieving around 3.5% GDP growth by the end of the fiscal year. […]
Pakistan seeks more World Bank funds, eyes global investment boost
Pakistan has requested more financial support from the World Bank through its International Development Association (IDA) programs. Finance Minister Muhammad Aurangzeb made the appeal during a meeting with World Bank President Ajay Banga in Washington. He also highlighted the urgent need for reforms in Pakistan’s power and gas sectors to ensure efficiency and long-term sustainability. […]
Reko Diq attracts Japan’s JBIC, boosting investor confidence
Pakistan has taken a major step in strengthening global investment ties, as Japan’s JBIC officially joined the Reko Diq lender group. The announcement came during Finance Minister Muhammad Aurangzeb’s high-level meetings in Washington DC, where he engaged with US, Chinese, and Japanese officials. The move marks a strong boost in investor confidence and reflects growing […]
Finance Minister highlights reforms for export success
Finance Minister Muhammad Aurangzeb said swift reforms are crucial for Pakistan’s sustainable, export-led economic growth. Speaking at the World Bank and IMF annual meetings in Washington, he highlighted recent upgrades by global rating agencies as clear signs of Pakistan’s improving economic stability. Aurangzeb stressed that reform and export development remain the top priorities of the […]
Aurangzeb confident of $1.2B IMF agreement within days
Pakistan is close to reaching a key agreement with the International Monetary Fund (IMF) this week. Finance Minister Muhammad Aurangzeb confirmed that talks have made strong progress. He said Pakistan hopes to sign a staff-level agreement (SLA) within days. The deal will unlock a $1.2 billion payout under the IMF’s $7 billion loan programme. Talks […]
Aurangzeb heads to Washington for crucial IMF talks
Finance Minister Muhammad Aurangzeb has departed for the United States to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank (WB). His six-day visit comes at a crucial time as Pakistan seeks to finalise a staff-level agreement (SLA) for ongoing loan programmes worth $8.4 billion. The IMF mission recently concluded […]
Finance Minister: Saudi vision 2030 holds key lessons for Pakistan
Finance Minister Muhammad Aurangzeb said Pakistan can learn much from Saudi Arabia’s Vision 2030. He praised Saudi Arabia’s development model during a virtual speech to Saudi investors and the Overseas Chamber of Commerce. Aurangzeb warmly welcomed Saudi investment, calling Vision 2030 a unique global example. He emphasized strong ties between Pakistan and Saudi Arabia and […]