Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Friday met Under Secretary for International Affairs US Department of the Treasury, Erin Browne and discussed Pakistan’s economic outlook, reform agenda and external financing strategy.
On the sidelines of the World Bank Group–IMF Annual Meetings 2026, the minister highlighted Pakistan’s US$3 billion Eurobond issuance in September and plans to diversify financing through Sukuk, Panda bonds and other instruments, said a news release.
He outlined progress under the IMF programme, tax reforms, three consecutive years of primary surpluses and foreign exchange reserves of approximately US$21.6 billion.
The discussions also covered the regional conflict’s implications for energy, inflation and food security, as well as measures to ensure supplies and prepare for winter demand.
The minister emphasized export-led growth, stronger IT exports, improved goods competitiveness and debt sustainability to support progress towards a BB sovereign rating.
He also discussed privatization, airport outsourcing, engagement with Boeing and potential US EXIM Bank financing, expressing deep appreciation for continued US support.
Meanwhile, Aurangzeb on Friday met with representatives of Morgan Stanley Capital International (MSCI) to discuss capital market reforms and Pakistan’s prospects for emerging market status.
During the meeting, the finance minister, accompanied by Governor of the State Bank of Pakistan (SBP), highlighted Pakistan’s improving economic indicators and increased stock market participation, a news release said here.
Discussions also covered MSCI’s market classification criteria and investor queries concerning foreign exchange, prefunding, hedging and pooled investments.
The meeting also clarified repatriation arrangements under the Special Convertible Rupee Account (SCRA) and discussed expanded access to Roshan Digital Accounts.
The participants supported technical follow-up to address operational concerns and improve market accessibility.
Aurangzeb on Friday met with Managing Director of the CVF–V20 Secretariat Sara Jane Ahmed and discussed climate finance and Pakistan’s climate prosperity plan.
The minister was accompanied by State Bank of Pakistan (SBP) Governor Jameel Ahmad, said a news release.
Aurangzeb welcomed efforts to expand concessional financing and attract sovereign investment into water, health and education projects.
He appreciated the proposed Lifeline Fund, targeting readiness by April 2027, with initial mobilization of US$500 million and eventual expansion beyond US$2 billion.
The minister sought clarification on the Fund’s contributions, governance, access, returns and withdrawal arrangements, which remained under development.
The meeting also discussed the proposed country platform, investor book, BRIDGE initiative and cooperation with Chinese institutions and development partners. The minister emphasized line-ministry ownership, budget integration and coordination with UNDP and other partners to avoid duplication.