ISLAMABAD, Oct 13 (APP): Minister for Finance and Revenue Senator Muhammad Aurangzeb, along with his team, commenced his official engagements in Washington D.C. on Monday, as he arrived to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank (WB).
The minister began his official engagements with a meeting with Regional Vice President, IFC for the Middle East, Central Asia, Türkiye, Afghanistan and Pakistan Riccardo Puliti, said a news release.
During the meeting, the minister highlighted strong macroeconomic indicators of the country.
Senator Aurangzeb appreciated IFC’s partnership with Pakistan, its role in scaling up private sector investment including through multi-billion-dollar investments in support of the 10-year Country Partnership Framework (CPF).
He agreed to achieve early financial closure of the IFC’s flagship Reko Diq project. He also welcomed the new regional set-up of IFC with a regional office in Islamabad.
Meanwhile, the minister also held a productive meeting with President, Islamic Development Bank (IsDB) Dr. Muhammad Sulaiman Al-Jasser.
The minister thanked the Bank for its longstanding assistance and support to Pakistan. He reviewed the current portfolio of the Bank projects in Pakistan and underscored the importance of faster project implementation.
Senator Aurangzeb thanked the President IsDB for IsDB board approval of financing of two sections of M-6.
He said he looked forward to a continued cooperation in polio eradication efforts of Pakistan and Oil financing facility. Both sides agreed on the need to have a new Country Engagement Framework for Pakistan (CEF).