Islamabad, Feb 20: Finance Minister Muhammad Aurangzeb has confirmed that a delegation from the International Monetary Fund (IMF) will arrive in Pakistan on February 24 to negotiate the release of $1-1.5 billion in climate financing. The minister made the announcement while addressing the Retail Business Council, highlighting the government’s commitment to securing crucial funding for climate-related initiatives.
In addition to the February visit, a second IMF mission is set to arrive in March for a six-month review of Pakistan’s ongoing program. Aurangzeb reassured that all matters related to the IMF program remain on track, signaling stability in Pakistan’s economic engagement with the global lender.
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Discussing the broader economic outlook, the finance minister noted that while the current account deficit briefly turned negative for one month, the overall seven-month trend remains positive. He emphasized the importance of sustainable economic growth and warned against falling into the boom-and-bust cycle that has historically plagued Pakistan’s economy.
Aurangzeb reiterated that structural reforms are essential to achieving long-term economic stability. His remarks suggest that the government is focused on policy continuity and economic discipline, ensuring that Pakistan remains on a stable financial trajectory while securing much-needed support from international financial institutions.
