Aurangzeb Calls for Global Cooperation to Address Economic Challenges

Washington: Finance Minister Muhammad Aurangzeb called for enhanced global cooperation to effectively address emerging economic challenges. Addressing a G-24 Meeting in Washington today, he reaffirmed Pakistan’s commitment to resilience, inclusion, and shared prosperity.

According to Radio Pakistan, the Minister highlighted that the global economy continues to face significant strain from successive shocks, most recently the geopolitical tensions in the Middle East. He underscored the importance of de-escalation, safeguarding critical maritime and energy corridors, and the sustained pursuit of peace to ensure global economic stability.

He also emphasized Pakistan’s support for the ongoing review of IMF program design and conditionality, stressing the need to preserve strong macroeconomic stability anchors. The Minister underlined the importance of an early and substantive review of IMF surcharges, highlighting its significance for developing economies.

Muhammad Aurangzeb further emphasized the need to deepen collaboration with the World Bank in areas such as job-intensive investment, infrastructure development, and innovative financing solutions to support sustainable growth.