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

Pakistani Finance Minister Aurangzeb discusses energy, reforms, and critical minerals with Deloitte and IFC at WB/IMF meetings. [Image via GoP]

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.

Also See: UK Vows Support for $2 Trillion Pakistani Economy: Jane Marriott

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.

News Desk

Your trusted source for insightful journalism. Stay informed with our compelling coverage of global affairs, business, technology, and more.

Recent

Narrative by Design: Al Jazeera’s Editorial Tilt on the Pakistan–TTP Conflict

Narrative by Design: Al Jazeera’s Editorial Tilt on the Pakistan–TTP Conflict

Al Jazeera’s reputation for alternative journalism contrasts sharply with its recent reporting on Pakistan’s conflict with the TTP and tensions with the Afghan Taliban. A close review shows consistent editorial choices that soften the Taliban’s image, reframe terrorist violence as resistance, and cast Pakistan’s counter-terrorism actions as aggression—ultimately reshaping the narrative in Kabul’s favour.

Read More »
Modern Platforms, Evolving Doctrine

Modern Platforms, Evolving Doctrine

The Gulf’s air-power evolution is increasingly shaped by the fusion of advanced platforms with modern doctrine and faster decision cycles. As regional forces adapt to complex threat environments, partners like Pakistan, whose operational experience spans multiple domains, are becoming part of the broader conversation on future air-power thinking.

Read More »
Economic Engagement or Ethical Dilemma? Canada-India Relations and the Nijjar Case

Economic Engagement or Ethical Dilemma? Canada-India Relations and the Nijjar Case

Canada’s renewed trade outreach to India comes at a moment of deep diplomatic strain. As Minister Maninder Sidhu seeks to revive economic cooperation, the unresolved assassination of Sikh activist Hardeep Singh Nijjar, and allegations implicating senior Indian officials, cast a long shadow. The controversy raises critical questions about whether Ottawa can balance economic ambitions with justice, accountability, and the protection of Canadian sovereignty.

Read More »
Zohran Mamdani calls out Modi and Netanyahu as war criminals, linking Gujarat 2002 and Gaza, and demands global justice and accountability.

Zohran Mamdani Stands Up for Justice: Holding Modi and Netanyahu Accountable

Zohran Mamdani, a rising progressive voice in the U.S., has boldly equated Indian Prime Minister Narendra Modi and Israeli Prime Minister Benjamin Netanyahu with war crimes. Drawing on global principles like the Responsibility to Protect (R2P) and ICC indictments, Mamdani challenges the immunity of influential leaders and advocates for accountability for mass atrocities in Gujarat (2002) and Gaza.

Read More »