UK reaffirms support for Pakistan's economic reform agenda

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MG News | May 25, 2026 at 03:14 PM GMT+05:00

May 25, 2026 (MLN): Pakistan and the United Kingdom have reaffirmed their commitment to strengthening bilateral ties, with both sides expressing support for Pakistan's ongoing economic reform agenda and pledging enhanced cooperation across economic, development, and institutional sectors.

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met with British High Commissioner to Pakistan Ms. Jane Marriott CMG OBE at the Finance Division on Monday, where the two sides held wide-ranging discussions on Pakistan-UK bilateral cooperation, economic reforms, regional developments, and matters of mutual interest, according to a press release issued.

During the meeting, the finance minister briefed the High Commissioner on the government's assessment of the evolving global economic landscape and its impact on Pakistan, particularly in light of regional geopolitical developments and energy market volatility.

He outlined ongoing efforts to maintain macroeconomic stability, manage external sector pressures, and sustain reform momentum for long-term economic resilience.

Senator Aurangzeb highlighted improvements in key economic indicators, citing stability in the external account, strong remittance inflows, and growing investor confidence.

He also briefed the High Commissioner on measures to broaden the tax base, strengthen revenue mobilization, and enhance transparency through technology-driven digitalization initiatives.

The finance minister further stressed the government's commitment to policy continuity, fiscal discipline, and structural reforms, including improving public sector efficiency, strengthening institutional coordination, and fostering an enabling environment for private sector-led growth.

Regional and global developments including their economic and humanitarian implications also featured in the discussions, with both sides highlighting the importance of dialogue and international cooperation in addressing challenges to economic stability and global supply chains.

Climate resilience, population planning, social sector coordination, and engagement with international financial institutions were also on the agenda.

The British High Commissioner appreciated Pakistan's continued engagement on regional issues and reaffirmed the UK's support for the country's reform efforts and development priorities.

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