FM Aurangzeb lauds AIIB’s robust engagement in Pakistan

Finance Minister Muhammad Aurangzeb has invited Asian Infrastructure Investment Bank to align its engagement with Pakistan’s infrastructure priorities and strategic development focus.

He was talking to President of Asian Infrastructure Investment Bank, Zou Jiayi, in Washington D.C.

The Finance Minister appreciated AIIB’s robust engagement in Pakistan through an ongoing portfolio of approximately 1.7 billion dollars, with an additional one billion dollar in the pipeline.

During a meeting with representatives of S&P Global Ratings in Washington D.C, the Finance Minister said Pakistan has met its external obligations in a timely manner, including the repayment of one point four billion dollars on its Eurobond during the current month.

He also highlighted additional financial support from Saudi Arabia to further strengthen the country’s external position.

Muhammad Aurangzeb expressed confidence that Pakistan’s improved macroeconomic fundamentals and continued reform momentum present a strong case for a rating upgrade.

Deputy Secretary at US Department of the Treasury Francis Brooke held a meeting with Finance Minister Muhammad Aurangzeb in Washington.

The Finance Minister highlighted key investment opportunities in Pakistan’s minerals and energy sectors, and briefed the Treasury leadership on progress and prospects in digital and virtual asset regulation.