Finance Minister is taking steps to reduce the rate of inflation

Federal Finance Minister Muhammad Aurangzeb says that there have been positive discussions with other institutions including the IMF, the focus is on increasing the tax net, steps are being taken to reduce the rate of inflation in Pakistan.

In an interview to Chinese TV in Washington, the Finance Minister said that China has always played a significant role in the development of Pakistan.

The finance minister said that Pakistan is looking for long and big debt, Pakistan will open a new tab of at least 6 billion dollars in the next program.

He said that if the loan is agreed upon, he will also request additional financing, there is no big risk during this year or the next financial year.

Finance Minister Muhammad Aurangzeb said that there have been positive discussions with other financial institutions including the IMF.

Mohammad Aurangzeb also met his Chinese counterpart in Washington and reiterated his commitment to speed up work on CPEC Phase 2.

He said that CPEC is a wonderful and exemplary project by China, working on various projects in collaboration with various international organizations.

The finance minister said that Pakistan wants to launch Chinese panda bonds during the financial year 2025-26.

Mohammad Aurangzeb also met the World Bank’s Regional Vice President for South Asia Mr. Martin Riser and discussed reforms, investment.