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FinMin says IMF can’t impose conditions against Pakistan’s national interest

By Staff Report
  • Finance Minister Aurangzeb terms IMF, World Bank talks in Washington ‘positive and constructive’
  • Credits reforms under IMF programme for stabilising Pakistan’s economy
  • Says $1.2b tranche expected by December 31 to bolster external reserves, highlights rising US and Chinese investor interest in Pakistan

WASHINGTON: Federal Minister for Finance and Revenue Muhammad Aurangzeb has said that the International Monetary Fund (IMF) cannot impose any condition that goes against Pakistan’s national interest, asserting that ongoing reforms under the Fund programme have already begun to stabilise the economy.

Addressing a press conference in Washington, where he is attending the IMF–World Bank Annual Meetings, the minister said the government’s reform measures had restored macroeconomic stability and investor confidence. He termed the talks with the IMF and World Bank as “positive and productive.”

Aurangzeb confirmed that Pakistan expects to receive a $1.2 billion tranche from the IMF by December 31, adding that discussions were progressing smoothly under the current programme.

He said several American companies had shown a strong interest in investing in Pakistan, while Chinese investments would continue to create new development opportunities in the months ahead.

Earlier, speaking at the 15th V20 Ministerial Dialogue on “Cost of Capital, Debt & Growth Pathways,” held on the sidelines of the annual meetings, Aurangzeb reaffirmed Pakistan’s commitment to strengthening climate resilience and achieving sustainable growth.

He said Pakistan continues to bear the cost of the 2022 floods through its own resources while simultaneously funding reconstruction and relief activities. He appreciated the support of the CVF–V20 Secretariat in preparing Pakistan’s Climate Prosperity Plan, and noted that financing under the Country Partnership Framework was helping to operationalise the plan.

Calling for greater urgency on climate finance, the finance minister urged the early operationalisation of the Loss and Damage Fund and faster decision-making at the Green Climate Fund to ensure timely assistance for vulnerable nations.

On the sidelines of the meetings, Aurangzeb also met with Turkey’s Minister of Treasury and Finance, Mehmet Şimşek, where both sides reaffirmed their resolve to further strengthen Pakistan–Turkey economic relations and continue high-level bilateral engagement.

The finance minister briefed his Turkish counterpart on Pakistan’s ongoing reform agenda, including steps in tax policy, energy, state-owned enterprises, privatisation, and public finance management. He highlighted efforts to improve the tax-to-GDP ratio and integrate data systems across departments to enhance transparency and efficiency.

In a separate meeting with International Finance Corporation (IFC) Managing Director Makhtar Diop, Aurangzeb welcomed the IFC’s decision to designate Pakistan as a regional hub, calling it a “vote of confidence” in the country’s economy. He also updated the IFC chief on progress in the Reko Diq mining project, expressing hope that the EXIM Bank would soon join the venture.

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  331. Today, I went to the beach front with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is totally off topic but I had to tell someone!

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  339. Awesome blog! Is your theme custom made or did you download it from somewhere? A design like yours with a few simple adjustements would really make my blog stand out. Please let me know where you got your theme. Kudos

  342. When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several emails with the same comment. Is there any way you can remove me from that service? Thanks a lot!

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  387. What i don’t realize is actually how you are not actually much more well-liked than you may be right now. You are very intelligent. You realize thus considerably relating to this subject, made me personally consider it from so many varied angles. Its like men and women aren’t fascinated unless it’s one thing to do with Lady gaga! Your own stuffs nice. Always maintain it up!

  389. Good V I should definitely pronounce, impressed with your site. I had no trouble navigating through all tabs and related info ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or anything, website theme . a tones way for your client to communicate. Excellent task..

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