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China and Pakistan Discuss Enhanced Financial Cooperation

Bangkok:Pakistan and China have engaged in discussions to deepen financial cooperation, expand access to international capital markets, and advance regional economic collaboration. The talks were held between Finance Minister Muhammad Aurangzeb of Pakistan and his Chinese counterpart Lan Fo'an during the World Bank Group-IMF Annual Meetings 2026 in Bangkok, Thailand.

According to Radio Pakistan, Finance Minister Muhammad Aurangzeb emphasized Pakistan's progress toward achieving macroeconomic stability and expressed gratitude for China's longstanding support, particularly during challenging economic periods. The Chinese finance minister welcomed Pakistan's improving economic position and its renewed access to global financial markets.

In addition, Finance Minister Muhammad Aurangzeb met with SungAh Lee, Deputy Director-General of the International Organization for Migration, at the same event. Their discussions focused on climate mobility, skills development, and economic growth, highlighting the importance of strengthening disaster preparedness through early-warning systems and population movement data.

The meeting also covered aligning skills training with international labor demand and expanding safe and regular migration pathways. Furthermore, both sides explored innovative climate financing and institutional capacity building to develop bankable projects.