Finance Minister Muhammad Aurangzeb has arrived in the United States to participate in the annual meetings of the International Monetary Fund (IMF) and the World Bank, scheduled to take place from October 21 to 26 in Washington, D.C.
During his visit, the minister is expected to engage in high-level discussions with officials from both institutions, focusing on key issues like climate financing.
Pakistan is likely to request between $1.5 to $2 billion from the IMF to help mitigate the effects of climate change. The financing is crucial as Pakistan continues to battle the long-term impacts of extreme weather events.
Key Meetings
Finance Minister Aurangzeb will hold talks with top officials regarding economic policies, financial assistance, and support for climate-related challenges.
He is scheduled to meet with his counterparts from China, the United Kingdom, Saudi Arabia, the UAE, and Turkey.
The finance minister will also engage in discussions with senior officials from the U.S. State and Treasury Departments, focusing on economic and strategic partnerships.
In addition, the minister will hold meetings with representatives from international credit rating agencies and investment banks from the Middle East, aimed at improving Pakistan’s credit standing and attracting foreign investment.
He is also expected to address investment forums and seminars, providing clarity on the country's economic situation.
As part of his trip, Aurangzeb will visit several American think tanks and meet with select representatives from the international and U.S. media, discussing Pakistan's economic challenges and opportunities.
The outcome of these meetings could play a pivotal role in shaping Pakistan's financial recovery and its approach to climate resilience.
