Finance Minister stresses robust Pak-Bangla economic ties

ISLAMABAD, Nov 2 (APP): Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here on Monday underscored the importance of strengthening economic engagement and institutional cooperation between Pakistan and Bangladesh.

The minister was speaking during a meeting with a high-level Bangladeshi delegation, led by the Adviser to the Prime Minister of Bangladesh on Finance and Planning, Rashid Al Mahmud Titumir, which called on him, according to press release issued by finance ministry.

Aurangzeb expressed appreciation for the opportunity to exchange views on matters of mutual economic interest and shared development priorities.

He shared Pakistan’s experience in pursuing macroeconomic stabilization and implementing structural reforms aimed at strengthening fiscal discipline, improving economic fundamentals, and creating a conducive environment for private sector investment.

He highlighted the importance of prudent debt management, financial sector development, and sustained reform efforts in supporting long-term economic growth.

The finance minister welcomed the proposal for closer institutional engagement, particularly in the areas of public financial management and debt management, and expressed Pakistan’s willingness to share its experiences and facilitate technical-level exchanges between the relevant institutions of the two countries.

On the occasion, Rashid Al Mahmud Titumir shared Bangladesh’s economic priorities and reform initiatives, including efforts to promote investment, industrial development, and employment generation.

Both sides acknowledged the value of exchanging experiences and best practices in addressing common economic challenges and advancing their respective development objectives.

During the meeting, both sides exchanged perspectives on the evolving global economic environment, challenges facing developing economies, and the importance of maintaining macroeconomic stability while pursuing sustainable and inclusive growth.

The discussions also covered economic reforms, fiscal management, investment promotion, and measures to strengthen economic resilience.

The meeting also explored opportunities for enhanced bilateral trade, investment, industrial cooperation, and connectivity.

Both sides recognized the potential for closer collaboration in manufacturing, textiles, and other areas of mutual economic interest, including through stronger linkages between the private sectors of the two countries.

Both sides reaffirmed their commitment to maintaining regular dialogue and strengthening bilateral economic cooperation through continued engagement and exchange of expertise in areas of mutual interest.

The visiting delegation included H.E. Mr. Iqbal Hussain Khan, High Commissioner of Bangladesh to Pakistan, and Mr. Fazle Lohani Babu, Deputy High Commissioner.