Finance Minister touts priority reforms to S&P Global, Fitch Ratings

MG News | April 20, 2024 at 10:07 PM GMT+05:00

0:00

April 20, 2024 (MLN): Federal Minister for Finance Muhammad Aurangzeb met with representatives of S&P Global and Fitch Ratings, and highlighted ongoing reforms in the priority areas of taxation, energy and privatization over the short, medium and long-term horizon.

According to a press release issued on Saturday, he further addressed concerns of the rating agencies on external side, inflation, primary balance and interest rate regime.

The Minister shared an update on the positive indicators of the country on the back of Standby Arrangement (SBA) signed with IMF.

He referred to his meetings with Managing Director IMF, President, World Bank and other multi-lateral institutions including AIIB and ADB.

Aurangzeb reaffirmed that World Bank agenda of climate change, digitalization and human development aligned with priorities of the government.

Pakistan economy’s potential to grow to $3tr: World Bank’s 2047 vision

The Finance Minister also mentioned potential Saudi investments which are in the pipeline.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	154,326.20 77.50M	1.04% 1585.82
ALLSHR	92,741.35 142.49M	0.96% 882.87
KSE30	46,819.27 38.54M	1.29% 595.66
KMI30	222,420.36 35.84M	1.50% 3289.44
KMIALLSHR	60,317.46 81.73M	1.16% 692.18
BKTi	42,325.08 14.08M	0.52% 220.62
OGTi	32,496.10 4.04M	1.30% 418.23

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,270.00	71,140.00 70,145.00	-465.00 -0.66%
BRENT CRUDE	103.58	104.35 100.51	3.64 3.64%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.50 -10.37%
ROTTERDAM COAL MONTHLY	123.30	123.30 123.30	1.70 1.40%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	91.72	92.29 88.50	3.59 4.07%
SUGAR #11 WORLD	15.52	15.75 15.38	-0.18 -1.15%