Minister for Finance and Revenue Muhammad Aurangzeb has reiterated Pakistan’s commitment to continue structural reforms for a sustainable transition from stabilization to growth.
He was addressing a session titled “Global Trade Tensions: Economic Impact and Policy Responses in MENA” at the 23rd edition of the Doha Forum today.
Muhammad Aurangzeb underlined the importance of sustained structural reforms in taxation, energy, state-owned enterprises, and private-sector development.
Speaking on the occasion, Finance Minister of Qatar Ali Bin Ahmed Al Kuwari highlighted Qatar’s strong and expanding partnership and bilateral trade relations with Pakistan, particularly in LNG supply and Qatari imports of agricultural and textile goods.
He highlighted Qatar’s keen interest in collaborating with Pakistan on AI strategy and capability development.
Deputy Managing Director of the IMF Bo Li lauded Pakistan’s reform trajectory and resilience-building efforts, terming it a very good example of embarking on the right path of reform and resilience.
He highlighted that in addition to the 7 billion dollar stabilization programme, the IMF is extending 1.3 billion dollars to Pakistan under the Resilience and Sustainability Facility aimed at strengthening fiscal, financial, and physical resilience to climate-related risks.
He elaborated that the programme will support Pakistan in advancing green budgeting, integrating climate-risk assessments into financial regulation, improving climate-related data disclosure, and enhancing climate-resilient infrastructure planning.
The discussion also touched on Pakistan’s evolving relationships with China and the United States.
Muhammad Aurangzeb reaffirmed that Pakistan’s approach remains pragmatic and nationally focused. He said Pakistan views its partnerships with both China and the United States as complementary.
He highlighted CPEC Phase 2.0 with China, shifting from government-to-government infrastructure to business-to-business investment, and emerging collaboration with the United States in minerals, mining and digital technologies.
