Washington : During the Spring Meetings of the World Bank and the International Monetary Fund (IMF), Pakistan’s Finance Minister Muhammad Aurangzeb held a series of important meetings in Washington focused on strengthening economic cooperation and securing financial support.
The Finance Minister met with the Chief Executive Officer of the Saudi Fund for Development, Sultan bin Abdulrahman Al-Murshid. During the meeting, both sides reviewed ongoing development collaboration, while Pakistan expressed appreciation for Saudi Arabia’s continued assistance.
He also highlighted that Pakistan and Saudi Arabia share strong relations based on trust and mutual cooperation. Regional developments in the Middle East and their possible impact on global energy markets and economic stability were also discussed, with emphasis on the need for peace and stability in the region.
Separately, Muhammad Aurangzeb met with Tsutomu Yamamoto, Managing Director of the Multilateral Investment Guarantee Agency (MIGA).
During the discussion, Pakistan welcomed a proposed short-term trade finance facility worth 500 million US dollars, describing it as vital for importing essential commodities such as food, fertilizers, energy, and machinery. The talks also included arbitration-related matters and their financial implications.
The Finance Minister reaffirmed Pakistan’s commitment to promoting sustainable investment and improving the overall business environment in the country.
He stressed the need to expedite financial arrangements to ensure timely fulfillment of external financing requirements.
