QUETTA: The Finance minister Senator Mohammad Aurangzeb has said that the government of Pakistan has come very close to the financial bound on the Reko-Diq project and is waiting for the participation of the Exim Bank.
We hope that the Exim Bank will soon become the part of financing consortium.
The Finance and Revenue minister Senators Mohammad Aurangzeb concludes his visit to Washington with the meetings of IMF and World Bank officials and some important sittings on the last day.
According to the press release issued by the ministry of finance, the finance minister has had a meeting with the senior management of the Abu Dhabi Commercial Bank and briefed them about the issuance of the Panda Bond Program of Pakistan and the revival of the Global Medium Term Note Program.
He made an emphasis on the progress of the privatization program and expressed his hope of the rapid privatization of the national airlines.
Senator Mohammad Aurangzeb told the team the Pakistan is standing close to the financial bound of the Reko-Diq project and waiting for the participation of the Exim Bank.
In a separate meeting with JP Morgan’s senior management, the finance minister shared details about the first issuance of the Green Panda Bond in the Chinese market.
He also reviewed the privatization program, including the recent federal cabinet approval for the government-to-government sale of the First Women Bank.
Senator Aurangzeb highlighted the growing interest of U.S. companies in the Reko Diq project and expressed optimism regarding the early participation of the Exim Bank.
He also discussed opportunities for digital collaboration between Saudi Arabia and Pakistan through the GoAI Hub and encouraged JP Morgan to explore further areas of partnership.
The finance minister met with Türkiye’s Minister of Treasury and Finance, Mehmet Şimşek, where both sides reaffirmed their strong bilateral relations and frequent high-level engagements. Senator Aurangzeb emphasized Pakistan’s ongoing reforms in taxation, energy, state-owned enterprises, privatization, and public finance.
He referred to a World Bank–organized event highlighting the FBR’s transformation journey and stressed the importance of improving the tax-to-GDP ratio and enhancing data integration among government agencies.
In a meeting with Mukhtar Diop, Managing Director of the International Finance Corporation (IFC), Senator Aurangzeb welcomed the IFC’s decision to upgrade Pakistan as a regional hub.
He briefed him on progress made in the Reko Diq project and expressed hope that the Exim Bank would soon join the financing consortium.
