Washington, USA – Web Desk: Pakistan has completed arrangements for external financing for the fiscal year 2026, Finance Minister Muhammad Aurangzeb said, as the country continues efforts to stabilize its economy and maintain access to global financial markets.
Speaking in Washington after a meeting with Fitch Ratings officials, the finance minister discussed Pakistan’s credit profile in detail. He welcomed Fitch’s decision to maintain Pakistan’s “B-” rating and reiterated the government’s commitment to remaining active in international financial markets.
Aurangzeb said that global confidence in Pakistan’s economic reform agenda remains intact, adding that a staff-level agreement has been reached with the International Monetary Fund (IMF) under ongoing programs.
He noted that Pakistan has completed its external financing arrangements for FY2026, with continued reliance on diversified funding strategies including Panda bonds, Eurobonds, and Sukuk instruments to support fiscal stability and external account requirements.
Addressing the Citi Macro Forum in Washington, the finance minister briefed investors on Pakistan’s economic strategy and confirmed that IMF staff-level agreement has been finalized, with approval from the IMF Executive Board expected in early May.
He further stated that the ongoing Middle East crisis represents one of the most significant supply shocks in recent history, emphasizing the importance of strengthening petroleum reserves as a policy lesson from current global volatility.
The minister also outlined a three-phase government response framework to manage economic challenges and expressed gratitude for Saudi Arabia’s financial support, which he said has played a key role in stabilizing Pakistan’s external position.
