Federal Finance Minister Muhammad Aurangzeb engaged in a series of high-profile meetings to discuss economic reforms, bilateral cooperation, and strategies for Pakistan’s financial stability.

US Ambassador Donald Blome

In a farewell meeting, Aurangzeb met US Ambassador Donald Blome to discuss mutual interests, economic cooperation, and bilateral relations. The minister provided an overview of Pakistan’s current economic situation and the government’s reform agenda aimed at achieving macroeconomic stability.

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with Mr. Jameel Ahmad, Governor of the State Bank of Pakistan, at the Finance Division, today. pic.twitter.com/CN2Dzf5Raj
— Ministry of Finance, Government of Pakistan (@Financegovpk) December 31, 2024

Aurangzeb emphasised the importance of export-led growth to end the cycle of economic boom and bust. He highlighted ongoing reforms in key sectors of the economy to promote sustainable development.

Ambassador Blome appreciated the strong and enduring ties between Pakistan and the United States.

Pakistan’s ambassador to China

The finance minister also held discussions with Pakistan’s Ambassador to China Khalil Hashmi. During the meeting, the minister was briefed on efforts to strengthen Pak-China bilateral relations, including high-level exchanges, trade, investment, and economic cooperation.

Finance Minister Muhammad Aurangzeb held a meeting with Mr. Khalil Hashmi, Ambassador of Pakistan to China, who called on the Minister at the Finance Division. Mr. Syed Tariq Fatemi, Special Assistant to the Prime Minister on Foreign Affairs, was also present in the meeting. pic.twitter.com/T9Sx2iCj46
— Ministry of Finance, Government of Pakistan (@Financegovpk) December 31, 2024

Both sides agreed to deepen strategic and economic ties and explore practical implementation of mutually beneficial opportunities in the coming years. The minister highlighted important achievements in the economic field and outlined efforts to boost confidence among investors and the business community in Pakistan.

The finance minister stressed the need for strong economic diplomacy and cooperation. "More economic partnerships are needed in a growing economy," he added.

State Bank of Pakistan governor

Finance Minister Aurangzeb also met with State Bank Governor Jamil Ahmed to review ongoing initiatives aimed at stabilizing Pakistan’s financial structure. Discussions included measures to stabilize the exchange rate, strengthen foreign exchange reserves, and enhance the banking sector’s role in economic growth.

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with Mr. Jameel Ahmad, Governor of the State Bank of Pakistan, at the Finance Division, today. pic.twitter.com/CN2Dzf5Raj
— Ministry of Finance, Government of Pakistan (@Financegovpk) December 31, 2024

Both sides emphasized the importance of continuous cooperation between the Ministry of Finance and the State Bank to achieve economic stability and sustainable development. The meeting also addressed strategies to increase remittance flows and reinforce foreign exchange channels.