Islamabad – May 19, 2025:
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met today with a high-level delegation from Deloitte, led by Mr. Richard Longstaff, Managing Director and Head of Energy/Critical Minerals, and Mr. Sofyan Yusufi, Partner at Deloitte Risk and Financial Advisory – Government and Public Services.
This meeting followed up on discussions initiated during the IMF/World Bank Spring Meetings 2025 in Washington D.C., focusing on collaboration in critical minerals, energy reforms, privatization, and operationalizing the Country Partnership Framework (CPF).
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Welcoming the Deloitte team, Minister Aurangzeb appreciated their continued engagement and reaffirmed Pakistan’s commitment to harnessing private sector expertise for accelerating structural reforms. He highlighted the government’s strategy to foster productivity and export-led economic growth through outcome-based, standardized development across key sectors such as climate, energy, health, mining, and public-private partnerships.
Discussions centered on leveraging Deloitte’s global advisory capabilities to advance Pakistan’s ongoing development initiatives. The delegation briefed the Finance Minister on upcoming engagements with stakeholders including the World Bank, Asian Development Bank (ADB), and the Economic Affairs Division (EAD).
Minister Aurangzeb also shared insights from his recent meeting with World Bank President Ajay Banga, emphasizing the government’s focus on two core national priorities: climate resilience and population stabilization. He noted that these are being supported through strategic initiatives such as the recently approved $1.3 billion Resilience and Sustainability Facility (RSF).
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“At this stage of our reform journey, what Pakistan needs is not more financing — it is tactical support and global expertise from our partners,” said the Minister, underlining the shift from funding to strategic transformation.
The meeting concluded with mutual agreement to identify high-impact, outcome-based projects and maintain close collaboration in support of Pakistan’s economic reform and development vision.
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