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Finance Minister Aurangzeb Discusses Pakistan’s Economic Future with US Treasury

Bangkok:Finance Minister Muhammad Aurangzeb recently met with US Treasury Under Secretary Erin Browne to discuss Pakistan's economic outlook, reforms, and external financing strategies. The meeting, held in Bangkok, covered key areas such as the country's recent $3 billion Eurobond issuance and plans to diversify financing through instruments like Sukuk and Panda bonds.

According to Radio Pakistan, the discussions also addressed the impact of regional conflicts on energy, inflation, and food security. The Finance Minister emphasized the importance of export-led growth, IT exports, and debt sustainability to enhance Pakistan's sovereign rating. He also explored privatization and potential collaborations with Boeing and the US EXIM Bank.

Further discussions in Bangkok included meetings with a Lazard delegation on mining investment and financing diversification. Aurangzeb showed interest in proposals for blended finance and debt swaps to improve financing terms. Meetings with Alvarez and Marsal focused on long-term financing through World Bank Group guarantees, aiming for a potential $1.5 billion financing target.

The Finance Minister also engaged with Deutsche Bank to outline strategies for diversifying financing and enhancing foreign portfolio inflows. Discussions with Morgan Stanley Capital International covered Pakistan's economic indicators and stock market participation, addressing operational concerns to improve market accessibility.

In talks with the CVF-V20 Secretariat, Aurangzeb discussed climate finance and the Climate Prosperity Plan, exploring the Lifeline Fund's development. Lastly, meetings with Mitsubishi UFJ Financial Group focused on blended finance and infrastructure investment, highlighting Pakistan's fiscal strategies and projected growth.