Finance Minister Senator Muhammad Aurangzeb strengthened Pakistan’s global economic diplomacy in Washington, D.C., where the Japan Bank for International Cooperation (JBIC) formally committed to joining the Reko Diq lender group, marking a major boost in investor confidence.
During his meeting with JBIC Governor Nobumitsu Hayashi, Aurangzeb welcomed Japan’s participation, saying it reflected growing international trust in Pakistan’s economic reforms and would encourage more Japanese companies to invest.
Aurangzeb also met China’s Deputy Finance Minister Liao Min, briefing him on Pakistan’s Staff-Level Agreement with the IMF and progress on Panda Bonds. He sought China’s support for Pakistan’s New Development Bank (NDB) membership and invited fresh investment in technology, minerals, and agriculture.
In another engagement, Aurangzeb met U.S. Congressman French Hill, Chairman of the House Financial Services Committee, to discuss cooperation in digital finance, IT, and mineral development. He highlighted Pakistan’s private-sector-led growth strategy and reform-driven economic agenda.
At the Atlantic Council, Aurangzeb detailed reforms in taxation, digitisation, and governance. He noted that tax collection had risen from 8.8% to 10.24% of GDP due to FBR’s digital transformation and AI-led systems.
He also addressed JP Morgan’s Investment Seminar and the World Bank’s Digital Tax Roundtable, emphasising Pakistan’s improving macroeconomic outlook, fiscal discipline, and credit rating upgrades.
Additionally, Aurangzeb joined the World Economic Forum’s Future of Growth Initiative Dialogue, highlighting the role of AI and technology in achieving inclusive and sustainable growth.
Related stories:
Pakistan, Japan Explore New Industrial Cooperation Opportunities
Japanese investors to invest in SEZs and other Pakistani Sectors
