Finance Minister Briefs Chinese Officials on Pakistan’s Reform Agenda
Finance Minister Muhammad Aurangzeb recently met with high-ranking officials from Chinese institutions to discuss Pakistan’s reform agenda and engagement with the International Monetary Fund (IMF). The discussions focused on the government’s strides in improving macroeconomic indicators through reforms in taxation, energy, and privatization.
The ministers highlighted achievements such as reducing inflation from 38% to 13% and stabilizing the exchange rate. They emphasized the importance of long-term stability and sustainable economic growth, seeking cooperation from Chinese investors in launching Panda Bonds and benefiting from pro-business policies.
Lauding President Xi Jinping’s Belt and Road Initiative, the ministers noted the success of the China-Pakistan Economic Corridor (CPEC) in infrastructure development. Minister for Power also expressed the government’s commitment to energy sector reforms.
Overall, the meetings aimed to strengthen economic cooperation with China and fast-track implementation of agreements for mutual benefit, reflecting Pakistan’s commitment to enhancing bilateral relations.