Washington:
Federal Minister for Finance and Senator Mohammad Aurangzeb held important meetings with representatives of global financial institutions and international banks in Washington DC on the occasion of the International Monetary Fund (IMF) and World Bank Spring meetings.
The Federal Finance Minister met with the institutional investors about the economic situation of Pakistan, the recent financial and monetary progress and the ongoing reform measures.
He made it clear that the government’s structural reforms made positive results, which is restoring the confidence of international investors.
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He also mentioned that improvement in Pakistan’s credit rating by the Fitch rating agency (B-) is a reflection of the country’s financial stability.
The meeting ended at a question and answer session in which the participants discussed Pakistan’s economic strategy.
The Federal Minister also met with a high -level delegation of Deutsche Bank, led by Ms. Mary Wazani, Managing Director for the Middle East and North Africa (Mena).
During the meeting, Senator Mohammad Aurangzeb expressed interest in returning to Pakistan’s international financial markets. He especially emphasized the issuance of Panda Bonds and ESG bonds, which may be possible in the wake of Pakistan’s stable economy and the improved credit profile.
