Pakistan Finance Minister Aurangzeb Meets Deloitte, IFC at IMF Spring Meetings, Seeks Investment in Reko Diq Project

KARACHI: Pakistani Minister for Finance and Revenue, Muhammad Aurangzeb, held separate meetings on Monday with executives from Deloitte and the International Finance Corporation (IFC) and discussed cooperation in multiple areas like energy and private sector reforms and critical minerals.

Aurangzeb left for the US last week to attend the World Bank Group/IMF Spring 2025 Meetings from Apr. 21-26. A statement from his office said on Saturday besides meeting with top officials of the World Bank and the IMF, the finance minister would also meet with finance ministers and counterpart leaders of China, the United States, United Kingdom, Saudi Arabia and Turkiye and officials of global credit rating agencies, commercial and investment banks.

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On Monday, Aurangzeb met Hela Cheikhrouhou, Regional Vice President of the IFC, and her team.

“Both sides explored cooperation in the areas of private sector reforms, energy transition, sound municipal finance and full employment,” a statement from the finance ministry said. “The Minister appreciated the lead role of IFC in raising $2.5 billion in debt financing for Reko Diq Copper & Gold Mine Project in Balochistan.

Aurangzeb also separately met with a team from Deloitte and briefed them on Pakistan’s macroeconomic outlook, the government’s sectoral development agenda and export-led growth priorities, the finance ministry said.

“Explored cooperation in the areas of energy sector reforms, extraction and marketing of critical minerals, privatization, technology, crypto policy and operationalization of Country Partnership Framework (CPF),” the statement added.

This news is sourced from Arab News and is intended for informational purposes only.