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Pakistan's finance chief outlines macroeconomic outlook, reform progress at US-Pakistan Business Council

Pakistan's finance chief outlines macroeconomic outlook, reform progress at US-Pakistan Business Council

Federal Minister for Finance and Revenue, Muhammad Aurangzeb, attending a luncheon hosted by the US-Pakistan Business Council in Washington on April 14, 2026. (Ministry of Finance/X)

ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb on Tuesday briefed participants at a luncheon of the US-Pakistan Business Council on the country's macroeconomic outlook and reform progress.


The finance minister departed for the United States to participate in the World Bank Group–IMF Spring Meetings 2026, to be held in Washington, from April 13 to 18, 2026. The minister met the United States Trade Representative on the sidelines of the World Bank-IMF Spring Meetings 2026 to discuss trade and investment cooperation.


In a post on the Finance Ministry’s X account, Finance Minister Aurangzeb interacted with representatives of US companies operating in Pakistan on the sidelines of the World Bank–IMF Spring Meetings 2026.


Highlighting the approval of a staff-level agreement on the third review under Pakistan’s Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF), the finance minister outlined the economic impact of the ongoing conflict in the Middle East, particularly in terms of energy procurement, pricing, and logistics.


According to the statement, the finance minister elaborated on the “government’s policy response, including measures focused on supply chain stabilization, demand management, and the provision of fiscally-neutral targeted subsidies.”


He also highlighted emerging positive developments, including a “significant surge in transshipment volumes through Karachi Port and record inflows under the Roshan Digital Account initiative.”


Underscoring the ongoing efforts to broaden the tax base, the finance minister talked about the “particular focus” the government has “on bringing segments of the informal professional economy into the tax net through targeted Federal Board of Revenue (FBR) audits and sector-specific engagement.”


An interactive question-and-answer segment was held at the end of the discussion, reflecting strong interest from participants in Pakistan’s economic trajectory and reform agenda.