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	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%