The Minister of Finance and Federal Revenue, Senator Mohamed Uranzib, held decisive discussions with international leaders, including senior officials of the International Monetary Fund (IMF) and the World Bank Group, during his visit to Washington. The meetings focused on major issues such as economic reforms, climate flexibility, and development projects in Pakistan.
A press release issued by the Ministry of Finance said here on Tuesday that the meetings held on the sidelines of the Spring of the International Monetary Fund (IMF) and the World Bank Group.
During his meeting with the Administrative Director of the International Monetary Fund, Mrs. Crystalina Georgiviva, Minister Uranzip thanked the International Monetary Fund team for reaching an agreement at the level of employees regarding the first review under the EFF Fund and a new arrangement under the Flexibility and Sustainability Facility (RSF).
Finance Minister reiterated Pakistan’s commitment to maintaining the momentum of reform and expanding an invitation from Pakistan Prime Minister to Mrs. Georgiva to visit the country.
Meanwhile, during a meeting with the President of the World Bank Group, Ajay Banga, the Pakistani Finance Minister expressed his gratitude to the World Bank for his historical support for Pakistan and praised his leadership in the development of CPF transformative-strategic road map of a decade that revolves around measurable and subject effects.
He expressed an assessment of the World Bank’s continuous assistance in formulating a comprehensive implementation strategy and a working plan to operate CPF while enhancing the total efficiency simultaneously.
The Minister also presented a detailed overview of the total economic transformation in Pakistan and reiterated the government’s firm commitment to ensure sustainable economic stability.
Earlier, Minister met with a dealste delegation and informed them of the expectations of the macroeconomic economy in Pakistan, the schedule of the sectoral development work of the government, and the export -led growth priorities.
Both sides explore the potential cooperation in the energy sector reforms, extraction and marketing of critical metals, privatization, technology, encryption policy, and the operation of the rural partnership framework (CPF).
Uranzib also welcomed the planned Deloitt visit to Pakistan in May 2025 to increase the deepening of participation.
He also met Ms. Hila Chessroho, Vice President of the International Financial Corporation (IFC), discussing private sector reforms, energy transmission, proper municipal financing, and full recruitment initiatives.
Review the progress made in various payment rights (DPR) and praised the IFC pivotal role in securing $ 2.5 billion in debt financing for the Reko Diq Copper and Gold Mine project. The Minister stressed the importance of ensuring that local communities benefit from the economic gains of the project.
The Minister of Finance also held a meeting with Robert Kapart, Assistant Secretary of the US Treasury, and briefed him on the indicators of the macroeconomic economy in Pakistan.
Highlights continuous reforms in taxes, energy, privatization, state -owned institutions (Soes), pensions, and debt management. He stressed the importance of the World Bank’s countryside partnership framework in facing the critical challenges of Pakistan, including population growth and climate flexibility.
Earlier in the day, at a lunch hosted by the US Business Council in Pakistan in the American Chamber of Commerce, the Minister of Finance participated with the leaders of American companies, in detailing economic progress and economic reform in Pakistan in taxes, energy and materials owned by privatization.
He stressed the importance of regional trade, diversification of the market, and sectoral expansion. He thanked the American delegation for participating in the Mineral Investment Forum in Pakistan 2025 and expressed Pakistan’s commitment to continue cooperation in the mining and mineral sector.
At another meeting with Mohamed Nashed, Secretary-General of the Vulnerable Climate and Vulnerable Climate Forum (CVF-V20), Aurangzeb expressed the last visit of the CVF Secretariat team to Pakistan and cooperative efforts to develop a climate prosperity plan (CPP), which determines the financing secretariat for climate resistance projects.
The Pakistani CPF was highlighted for a decade with the World Bank, noting that four of its six main results directly address the existential challenges in Pakistan for climate change and population pressures.
The Minister also briefed on progress in light of the facility of sustainability and sustainability in the International Monetary Fund (RSF) and repeated Pakistan’s commitment to end CPP projects through the gradual financing approach.