Climate Change and Population Growth Major Obstacles to $3 Trillion Economy, Says Finance Minister Aurangzeb
Finance Minister Muhammad Aurangzeb has identified climate change and population growth as the two biggest obstacles to Pakistan’s $3 trillion economy target. Speaking on Geo News, he warned of economic damage from recent floods and rising poverty, while Miftah Ismail emphasized the need for reforms and renewable energy adoption to achieve sustainable growth.
SBP Champions Women’s Financial Empowerment as Catalyst for Inclusive and Sustainable Growth
The State Bank of Pakistan (SBP) is championing women’s economic empowerment through financial inclusion reforms, digital innovation, and global collaboration. Governor Jameel Ahmad highlights progress under the Banking on Equality policy, showcasing how women entrepreneurs are shaping Pakistan’s path toward sustainable growth.
Pakistan plans debt maturity extension to strengthen financial resilience and lower refinancing risks
Finance Minister Muhammad Aurangzeb has announced plans to extend the maturity of Pakistan’s domestic and external debt portfolios to lower refinancing and interest rate risks, aligning with broader economic stability and financial resilience objectives.
Pakistan, World Bank strengthen cooperation on post-flood recovery and reform roadmap
Finance Minister Muhammad Aurangzeb held high-level talks with World Bank President Ajay Banga in Washington to discuss post-flood recovery, economic reforms, and strengthening international financial partnerships.
Muhammad Aurangzeb Sees Pakistan on Path to ‘East Asia Moment’ Through Reforms and Export Push
Finance Minister Muhammad Aurangzeb outlines Pakistan’s strategy for export-led growth and structural reforms, projecting the possibility of an “East Asia moment” driven by economic liberalization and competitiveness.
ADB and World Bank Launch $10 Billion ASEAN Power Grid Financing Initiative
The Asian Development Bank and the World Bank have launched the ASEAN Power Grid Financing Initiative with a $10 billion commitment to boost cross-border energy integration and clean energy projects across Southeast Asia.
World Bank Conducts Mid-Term Review of $55mn Pakistan Power Efficiency Project
World Bank, EDEIP, electricity distribution, Pakistan energy sector, power reforms, infrastructure financing, HESCO, MEPCO, PESCO, energy efficiency, development projects, power sector investment, project monitoring, mid-term review, financing utilization
Aurangzeb briefs Saudi finance minister on PIA and airport privatisation plans amid reform push
Finance Minister Muhammad Aurangzeb met Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan on the sidelines of IMF and World Bank meetings to discuss Pakistan’s privatisation of PIA and major airports, and to seek Saudi investment support in key sectors.
Pakistan’s finance minister heads to Washington for IMF and World Bank talks amid bailout negotiations
Finance Minister Muhammad Aurangzeb has embarked on a six-day visit to Washington to meet IMF and World Bank leadership, aiming to secure a staff-level agreement and boost international confidence in Pakistan’s economic recovery.
Aurangzeb, IMF’s Jihad Azour Discuss EFF Progress and Emphasize Macroeconomic Discipline
Finance Minister Muhammad Aurangzeb met with IMF’s Jihad Azour in Washington to review the progress of the Extended Fund Facility and reaffirm commitment to Pakistan’s reform agenda and macroeconomic discipline.