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Aurangzeb Stresses Promotion of Economic Diversification


Washington D.C.: Finance Minister Muhammad Aurangzeb, during a series of high-level engagements on the sidelines of the 2025 World Bank and IMF Spring Meetings, has emphasized the importance of climate resilience, attracting foreign investment, and promoting economic diversification.



According to Radio Pakistan, at the high-level dialogue of the Fund for Responding to Loss and Damage, Aurangzeb urged for faster disbursements to vulnerable nations. In a meeting with Executive Vice President of the Multilateral Investment Guarantee Agency, Hiroshi Matano, Aurangzeb welcomed MIGA’s upcoming mission to Pakistan and expressed hope for finalizing the deal this year.



The Finance Minister also held a productive meeting with a Senior Official from the U.S. State Department, Thomas Lersten, thanking the U.S. for its strong participation in the Minerals Conference in Pakistan. During discussions with Managing Director of the International Finance Corporation, Makhtar Diop, the Minister highlighted Pakistan’s strong macroeconomic indicators, including Fitch’s recent credit rating upgrade.



He also met with senior representatives of the United States Export-Import Bank, led by Jim Barrows, and briefed them on Pakistan’s improving macroeconomic fundamentals and fiscal consolidation measures. Providing them with an update on the Reko Diq project, the Finance Minister called for enhanced EXIM Bank support for U.S. investment in Pakistan.



In talks with JP Morgan Chase, the Finance Minister underscored Pakistan’s stable economic trajectory and plans to diversify markets. While speaking at an IMF panel discussion on ‘Navigating an Uncertain World,’ the Minister emphasized the importance of promoting regional trade amidst global uncertainty.

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