Federal Finance Minister Muhammad Aurangzeb has departed for Washington, D.C., to represent Pakistan at the annual meetings of the International Monetary Fund (IMF) and the World Bank, where critical discussions on the country’s economic future will take place this week.

During his visit, Minister Aurangzeb will engage with key global financial leaders, including World Bank President Ajay Banga and IMF Managing Director Kristalina Georgieva, and will deliver a keynote address at the MENAP (Middle East, North Africa, Afghanistan, and Pakistan) forum.

He will also attend events organized by the World Economic Forum (WEF) and meet his counterparts from China, the UK, Saudi Arabia, Turkey, and Azerbaijan, underscoring Pakistan’s efforts to strengthen international partnerships.

Beyond financial talks, the Minister’s meetings with senior White House officials and members of the U.S. Congress reflect Islamabad’s broader push for global engagement and economic collaboration.

He is also expected to connect with the Pakistani diaspora and share Pakistan’s reform vision in interviews with international media.

The upcoming IMF review discussions (October 13–18) will focus on achieving a staff-level agreement that could unlock a $1.2 billion tranche under Pakistan’s ongoing loan programme — a move crucial for economic stability, governance improvement, and public welfare.

While the previous IMF review ended without an agreement, both sides termed the dialogue “constructive.”

The IMF has urged Pakistan to stay firm on fiscal discipline, tax reforms, and transparency measures — including governance improvements and asset declarations for senior officials.

Despite the challenges, Pakistan’s economic team remains hopeful for a positive breakthrough, which could ease financial pressure and bring much-needed stability to millions of Pakistanis affected by inflation and economic hardship.