Key economic indicators remain broadly on track, finance minister tells IMF

Finance Minister Muhammad Aurangzeb told the International Monetary Fund that Pakistan’s key economic indicators remain broadly on track while outlining the government’s strategy to strengthen external financing and access global capital markets.

He conveyed this during a meeting with IMF Deputy Managing Director Nigel Clarke on the sidelines of the World Bank–IMF Spring Meetings 2026.

The minister briefed the IMF official on Pakistan’s external financing position and implementation of the Fund-supported programme, stating that overall economic performance remains aligned with targets.

He said the current account has performed better than expected, supported by strong remittance inflows during Ramadan.

Aurangzeb also noted that foreign exchange reserves are being strengthened through financial support from Saudi Arabia, including deposit rollover arrangements.

Outlining the government’s financing strategy, he said Pakistan plans to diversify funding sources by accessing international capital markets through instruments such as Panda bonds, eurobonds, and local-currency financing to reduce foreign exchange risks.

The minister appreciated the IMF’s assessment of Pakistan’s programme implementation and its support for a diversified financing approach.

Both sides agreed that regional and geopolitical risks could persist, highlighting the need to maintain exchange rate flexibility and fiscal discipline.

Aurangzeb also welcomed the upcoming visit of the IMF mission team to Pakistan next month for review of the budget and programme progress.