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Finance Minister meets with representatives of S&P Global and Fitch Ratings

By News Desk

April 21, 2024 12:04 AM


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Federal Minister for Finance and Revenue, Muhammad Aurangzeb met with representatives of S&P Global and Fitch Ratings in the US, reported 24NewsHD TV channel.

uring the meeting, the Federal Minister for Finance and Revenue addressed the concerns of the rating agencies on the external side, inflation, primary balance and interest rate regime, said a press release issued here.

The minister shared an update on the positive indicators of the country on the back of Standby Arrangement (SBA) signed with IMF.

He highlighted ongoing reforms in the priority areas of taxation, energy and privatization over the short, medium and long-term horizon.

He also referred to his meetings with IMF andWorld Bank chiefs and other multi-lateral institutions including AIIB and Asian Development Bank.

Finance Minister reaffirmed that World Bank agenda of climate change, digitalization and human development aligned with priorities of the government. He also mentioned potential Saudi investments which are in the pipeline.


News Desk


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