Finance Minister Attends G-24 Meeting in Washington

Federal Minister for Finance and Revenue, Muhammad Aurangzeb, participated in the G-24 Finance Ministers and Central Bank Governors’ meeting held in Washington, D.C. on Monday. The meeting took place during the International Monetary Fund (IMF) and World Bank Group’s 2025 Spring Meetings.

Pakistan’s Macroeconomic Stability Highlighted

In his role as the second vice chair of the G-24, the finance minister presented a statement emphasizing the macroeconomic stability Pakistan has achieved. He noted that this stability is supported by the banking system’s strong resilience and the government’s ongoing implementation of structural reforms.

Emphasis on Continued Reforms

Aurangzeb stressed the importance of maintaining the current reform path, particularly in light of evolving geopolitical dynamics, demand fragmentation, increasing protectionism, and potential risks from spill-overs and external shocks, such as trade tariffs.

Importance of Regional Trade and Cooperation

He highlighted regional trade corridors, enhanced connectivity, and South-South cooperation as vital elements for boosting investment and trade activities.

Call for Financial and Technical Support

Aurangzeb also emphasized the necessity for increased financial and technical assistance among developing nations to effectively address global economic challenges.