Federal Finance and Revenue Minister Muhammad Aurangzeb, accompanied by the State Bank of Pakistan Governor, met Erin Browne, Under Secretary for International Affairs at the US Department of the Treasury, in Bangkok on the sidelines of the World Bank Group–IMF Annual Meetings 2026. The two sides discussed Pakistan’s economic outlook, reforms and external financing.
Aurangzeb highlighted Pakistan’s US$3 billion Eurobond issuance in September and plans to diversify financing through Sukuk, Panda bonds and other instruments. He also outlined progress under the IMF programme, tax reforms, three consecutive years of primary surpluses and foreign exchange reserves of about US$21.6 billion.
Talks on energy, exports and US financing
Discussions covered the regional conflict’s effect on energy, inflation and food security, along with steps to secure supplies and prepare for winter demand. The minister stressed export-led growth, stronger IT exports and debt sustainability, which he said would support progress towards a BB sovereign rating.
He also raised privatisation, airport outsourcing, engagement with Boeing and potential US EXIM Bank financing, expressing deep appreciation for continued US support.
Investor session organised by MUFG in Bangkok
Aurangzeb and the SBP governor also met investors at a session organised by Mitsubishi UFJ Financial Group (MUFG). The minister pointed to fiscal consolidation, primary surpluses, easing inflation and projected growth of 3.5–4.5%.
Talks also covered reserves, remittances, debt repayments, bilateral rollovers and reduced reliance on costly short-term borrowing. Answering investor questions on currency liberalisation, agricultural income tax, fiscal devolution and rupee-denominated, dollar-settled bonds, he said future issuance would follow market conditions and the debt strategy.
