Aurangzeb reviews IMF programme progress as Pakistan touts macro gains

Finance Minister Muhammad Aurangzeb met senior IMF officials to discuss Pakistan’s reform track, fiscal trends, reserves and next steps under the Fund-backed programme. Finance Minister Muhammad Aurangzeb has held a series of meetings with senior International Monetary Fund officials to review Pakistan’s macroeconomic performance and the government’s progress under the Fund-backed reform programme, the finance ministry said on Thursday. According to the ministry’s post on X, the meetings included discussions with First Deputy Managing Director Dan Katz, Deputy Managing Director Nigel Clarke, Middle East and Central Asia Department Director Jihad Azour and Pakistan Mission Chief Iva Petrova. The statement said the talks covered the Extended Fund Facility, the Resilience and Sustainability Facility and broader IMF-supported reforms. The ministry said Aurangzeb pointed to improvements in fiscal and external balances, revenue collection, foreign exchange reserves, remittances and the current account position. Those are key indicators the government has been highlighting as it tries to show that Pakistan is moving toward greater financial stability after repeated balance-of-payments pressure in recent years. The discussions were also said to include tax reform, energy sector changes, privatisation, tariff rationalisation, debt management and efforts to diversify financing sources. The ministry further said the two sides exchanged views on human capital development, women’s economic participation, demographic pressures, technology-led growth and an export-oriented private sector model.

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