Pakistan K Minister of Finance Visit of Muhammad Aurangzeb America During the meeting with the American officials, the strengthening of relations between the two countries has been reiterated.
Pakistani Ministry of Finance According to a statement posted on KX account on Thursday, US State Department Deputy Assistant Secretary Donald Lowe and Deputy Assistant Secretary Minister Elizabeth Horst met Finance Minister Mohammad Aurangzeb at the World Bank headquarters in which to strengthen Pakistan-US relations. for Washington The commitment was reiterated.
According to the statement, the two delegations discussed focusing on enhancing economic partnership with emphasis on cooperation in alternative energy, agriculture, climate change and technology industry.
According to the statement, “Finance Minister gave a briefing on Pakistan’s reform agenda, which includes widening the tax base, streamlining the energy sector and privatization.”
According to the finance ministry, the meeting identified opportunities for US investment in IT, renewable energy, agriculture and mineral extraction. While Pakistan also reiterated its close cooperation with US International Development Finance Corporation and EXIM Bank for mutual development.
Pakistan’s Finance Minister Muhammad Aurangzeb is currently on a visit to America and during this time he has met with American officials including the World Bank, International Monetary Fund and officials of many countries.
Meeting with the UAE Minister of State for Finance
According to the Ministry of Finance of Pakistan, on Wednesday, Muhammad Aurangzeb met with the Minister of State for Financial Affairs of the United Arab Emirates, Muhammad bin Hadi Al-Hussaini, on the sidelines of his visit to the United States to meet with the officials of the International Monetary Fund (IMF) and the World Bank. .
In the meeting, while acknowledging the long-standing brotherly relations between the UAE and Pakistan, the cooperation of the UAE in dealing with the economic challenges faced by Pakistan was appreciated.
According to the Pakistani newspaper Dawn News, the Federal Minister, who is in Washington to attend the spring annual meetings of the IMF and the World Bank Group, also met with the heads of both institutions on Tuesday and with them a new agreement with the IMF. , discussed the possibility of a long-term Expanded Fund Facility (EFF).
Pakistani Finance Minister Muhammad Aurangzeb meeting with UAE Minister of State for Financial Affairs Muhammad bin Hadi Al Hussaini on April 17, 2024 (Department of Finance Twitter)
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In an interview given to the news agency AFP, Mohammad Aurangzeb revealed that Pakistan is negotiating with the IMF for a loan of billions of dollars. Earlier reports indicated Pakistan’s interest in a $6-8 billion EFF package over three years to boost the country’s economic stability.
In Tuesday’s meetings, the finance minister outlined reforms proposed by the IMF to meet the targets set during negotiations for existing programs.
In one of these meetings, Mohammad Aurangzeb also apprised International Finance Corporation (IFC) Hela Chikroho about ongoing reforms in Pakistan’s tax, energy and privatization sectors.
Meeting with Saudi Finance Minister
Yesterday, the Pakistani Finance Minister had a meeting with his Saudi counterpart, Muhammad Bin Abdullah Al-Jadaan, in which the Saudi Finance Minister assured the full support of Saudi Arabia for Pakistan’s economic development, including investment.
Both the Finance Ministers agreed to expand bilateral cooperation and enhance partnership in various fields.
Pakistani Finance Minister meeting his Saudi counterpart Muhammad bin Abdullah Al-Jadaan on April 16, 2024 (Pakistan Ministry of Finance Twitter)
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2024-08-28 18:54:11
