Islamabad – May 19, 2025
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, today held a key meeting 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.
The discussion was a follow-up to prior talks during the IMF / World Bank Spring Meetings 2025 in Washington D.C., where potential collaboration in critical minerals, energy sector reforms, privatization, and the implementation of the Country Partnership Framework (CPF) were explored.
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Welcoming the Deloitte delegation to Pakistan, the Finance Minister expressed gratitude for their ongoing engagement and strong interest in supporting Pakistan’s development agenda. He underscored the government’s commitment to harnessing private sector expertise to accelerate structural reforms, boost productivity, and promote export-led economic growth.
The meeting concentrated on the operationalization of the CPF and the role of Deloitte’s technical advisory and global expertise in advancing Pakistan’s ongoing initiatives. These initiatives will be outcome-oriented, standardized, and will streamline project development across vital sectors including health, climate, energy, mining and minerals, alongside public-private partnership projects.
The Deloitte team informed the Minister about their upcoming engagements with key stakeholders such as the World Bank (WB), Asian Development Bank (ADB), and the Economic Affairs Division (EAD).
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Senator Aurangzeb also shared insights from his recent meeting with World Bank President Ajay Banga, reaffirming Pakistan’s commitment to the responsible and transparent use of financial resources. He emphasized that the government’s focus remains on two critical national priorities — climate resilience and population stabilization — both receiving substantial funding support, notably through the recently approved Resilience and Sustainability Facility (RSF) valued at $1.3 billion. “At this stage of our reform journey, Pakistan does not merely need financing; what is essential is strategic and tactical support, coupled with global expertise from our bilateral and multilateral partners,” the Finance Minister remarked.
Further discussions focused on defining future collaboration frameworks and pinpointing priority areas where Deloitte’s assistance could be particularly impactful. The Deloitte delegation praised the positive economic indicators emerging from Pakistan and reiterated their dedication to working closely with the Government to support the country’s reform and development agenda.
The meeting concluded with an agreement for continued close coordination in the coming weeks, with a joint commitment to identify actionable, high-impact, and outcome-based initiatives aligned with Pakistan’s broader vision for economic development and transformation.
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