Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has welcomed successful negotiations with the US administration leading to a tariff deal.Finance Minister Aurangzeb expressed these sentiments during a meeting with Robert Kaproth, Assistant US Treasury Secretary for International Finance and Counsellor Jonathan Greenstein in Washington D.C., where he has arrived to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank (WB).

During the meeting on Monday, the finance minister highlighted strong economic fundamentals of the country underpinned by the IMF loan programme and also discussed new legislation in on virtual assets. He briefed the US Treasury officials about the legislation to regulate virtual assets in Pakistan.

Senator Aurangzeb also invited US companies to invest in the oil and gas, mineral, agriculture and IT sectors in Pakistan.Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb attended the Commonwealth Finance Ministers Meeting (CFMM) focusing on “Strengthening Economic Resilience amidst International Policy Shifts”, on the sidelines of the IMF and World Bank annual meetings in Washington.

In his address to the meeting, Finance Minister Aurangzeb emphasized the importance of prioritizing actions and focusing on delivery to move towards the goal of a resilient and prosperous Commonwealth. Senator Aurangzeb also supported measures for operationalizing the Commonwealth infrastructure, Financial Resilience Hub and Technical Assistance Fund for peer review and capacity building.

Credit: Independent News Pakistan (INP)