Muhammad Aurangzeb, the minister of finance, conducted important talks on Wednesday with the leaders of several financial organizations and forums, including the Asian Development Bank and the World Bank.
According to specifics, Aurangzeb visited World Bank President Ajay Banga while in Washington for talks with the International Monetary Fund (IMF) over a potential fresh bailout package.
The finance minister highlighted during the meeting Pakistan’s advancements in the current stand-by agreement (SBA) with the IMF and the changes Islamabad has implemented concerning energy, taxes, and privatization.
The Washington-based lender reiterated its support for reforms and digitalization initiatives, and the parties agreed that a 10-year rolling Country Framework Plan is necessary.
