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

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.

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

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