Pakistan Commits to Structural Reforms, Strengthens Global Partnerships

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Finance and Revenue Minister Muhammad Aurangzeb reaffirmed Pakistan’s commitment to continue structural reforms to ensure a sustainable transition from economic stabilization to growth. He spoke at the 23rd Doha Forum session on “Global Trade Tensions: Economic Impact and Policy Responses in MENA,” emphasizing reforms in taxation, energy, state-owned enterprises, and private-sector development.

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Qatar’s Finance Minister Ali Bin Ahmed Al Kuwari highlighted the strong bilateral trade and investment relations with Pakistan, including LNG supply and Qatari imports of agriculture and textile products. He also expressed interest in joint development of AI strategies and capabilities.

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IMF Deputy Managing Director Bo Li praised Pakistan’s reform efforts, describing them as a model for resilience. He noted the $7 billion stabilization programme and an additional $1.3 billion under the Resilience and Sustainability Facility to strengthen fiscal, financial, and climate resilience. This includes green budgeting, climate-risk integration in financial regulation, improved data disclosure, and climate-resilient infrastructure planning.

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Aurangzeb also discussed Pakistan’s balanced engagement with China and the United States, highlighting CPEC Phase 2.0 for business-to-business investment and emerging cooperation in minerals, mining, and digital technologies. He stressed that Pakistan’s foreign partnerships remain pragmatic and nationally focused.

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