Washington: Finance Minister Muhammad Aurangzeb said government would explore tapping international capital markets in due course.

Remarks from Aurangzeb came during meeting with delegation of CitiBank led by Jay Collins Vice Chair of Public Sector. “During meeting, Aurangzeb briefed Bank team about reforms being undertaken in areas of taxation, energy, state-owned enterprises, pensions and right-sizing of government and outlined long-term road-to-market strategy,” Finance Division said. Meeting came on sidelines of Annual Meetings of World Bank Group and International Monetary Fund being held in Washington DC from October 21 to October 26, 2024.

Aurangzeb is leading country’s delegation. In separate meeting, he met with his Saudi counterpart, Mohammed Aljadaan. Saudi Minister shared his experience of reforms in energy sector. “Both sides agreed to advance cooperation in areas of mutual interest.” Aurangzeb held meeting with Mehmet Simsek, Türkiye’s Treasury and Finance Minister. Aurangzeb stated great potential existed to enhance current volume of bilateral trade. He said that Pakistan could learn from Türkiye’s experience of power sector reforms and invited Turkish firms to enter into mutually beneficial JVs with Pakistani counterparts.During the meeting,

Aurangzeb stated great potential existed to enhance the current volume of bilateral trade. The Pakistani delegation held meeting with the representatives of Alvarez & Marsal Sovereign Advisory Services, comprising Managing Director and Global Practice Leader, Dr. Reza Baqir; Division Executive for Sovereign Advisory Services, Peter Briggs and Thibaud Fourcade. The team outlined the steps needed for the country to chart an accelerated path to capital markets following a well-sequenced strategy and deliberated on ways to restore access to internal international capital markets and external creditors.