Washington: Finance Minister Muhammad Aurangzeb has arrived in the United States to participate in the World Bank Group-IMF Spring Meetings beginning in Washington D.C today. The Finance Minister will represent Pakistan at important events organized by the International Monetary Fund and the World Bank Group. He will take part in a wide range of multilateral and bilateral engagements with global financial leaders, development partners, and policymakers.
According to Radio Pakistan, the Finance Minister reaffirmed the government's commitment to structural reforms, including improving tax administration, broadening the tax base, and increasing the tax-to-GDP ratio. Speaking at a panel discussion at Harvard University in Boston, he underscored two critical, long-term challenges: population growth and climate change.
The Minister emphasized that sustained economic progress would not be possible without addressing rapid population growth, while also highlighting Pakistan's increasing vulnerability to climate-related shocks. He also highlighted Pakistan's growing renewable energy capacity, noting that solar generation has reached approximately 8,000 MW, which helped cushion the economy during recent external shocks.