Pakistani Finance Minister Discusses Economic Reforms and U.S. Relations with Treasury Official

Washington DC, Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb, met with Mr. Brent Neiman, Deputy Under Secretary for International Finance at the U.S. Department of Treasury, on the sidelines of the IMF/World Bank Spring meetings in Washington D.C. The meeting focused on Pakistan’s recent economic indicators, ongoing reforms, and the role of the United States as a significant trading partner.

According to Press Information Department, Aurangzeb briefed Neiman on Pakistan’s economic progress following the Standby Arrangement (SBA) signed with the International Monetary Fund (IMF). He explained that the government had prioritized reforms in several key areas, including taxation, the energy sector, and state-owned enterprises (SOEs).

The Finance Minister emphasized the importance of the United States to Pakistan’s economy, noting that the U.S. is the country’s largest trading partner and a key source of remittances and Foreign Direct Investment (FDI). Aurangzeb also discussed the role of the Special Investment Facilitation Council (SIFC) in attracting and facilitating foreign investment in Pakistan.

Aurangzeb thanked Neiman for his visit to Pakistan after the budget presentation and assured him of the government’s full support during his stay. The meeting highlighted the continued cooperation between Pakistan and the U.S. in promoting economic growth and fostering strong trade relationships.