Senator Aurangzeb, OPEC Fund engage on M6 loan agreement
MG News | October 15, 2026 at 12:57 PM GMT+05:00
October 15, 2026 (MLN): Finance Minister Senator Muhammad
Aurangzeb has discussed financing for the M6 motorway project with the OPEC
Fund for International Development, with the project agreement possibly to be
signed when he visits the Fund on its invitation.
The Federal Minister for Finance and
Revenue met Fund President Dr Abdulhamid Alkhalifa on the sidelines of the
World Bank Group-IMF Annual Meetings 2026 in Bangkok, Thailand, said a press
release issued.
Senator Aurangzeb briefed Dr Alkhalifa
on Pakistan’s economic stabilisation, progress under the IMF programme and
renewed access to international capital markets.
He welcomed the Fund’s readiness to
widen its trade and project financing support for Pakistan.
The talks on the M6 motorway covered
the first tranche, which has been approved, the loan agreement that is still
pending, and the tranches to follow.
The two sides also named the ML-1
railway modernisation and power transmission infrastructure as key priorities.
Both sides stressed the need for
faster approvals and closer coordination so that projects are delivered on
time, and also exchanged views on regional peace and stability.
Senator Aurangzeb thanked Dr Alkhalifa
for the invitation to visit the Fund.
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