Minister for Finance Muhammad Aurangzeb, held a virtual meeting on Monday with Head of Emerging Markets Economies, Citigroup Global Markets, Johana Chua along with representatives from the investment community.                                                    

During the meeting, the Minister shared key updates on Pakistan's recent economic developments.

He highlighted the recent upgrade in Pakistan's sovereign rating by Fitch, terming it a positive international validation of the country's improving macroeconomic trajectory.             

He reiterated the government's resolve for continuity in reforms and fiscal discipline.

The Minister also apprised the participants of the successful conclusion of a Staff Level Agreement with the International Monetary Fund, with the next tranche expected to be received on Tuesday.

He mentioned the approval of the Resilience and Sustainability Facility, calling it a milestone achievement for Pakistan.

Focusing on growth priorities, the Minister emphasized Pakistan's shift towards an export-led growth model, noting a significant surge in IT services exports, which have reached 3.2 billion dollars this year.

The delegation appreciated the recent macroeconomic developments and reform measures undertaken by government of Pakistan.

Johana Chua welcomed the progress on IMF programme and the commitment to fiscal consolidation, export growth, and tax reforms.

She reaffirmed Citigroup's interest in continued engagement with Pakistan and expressed support for the country's reform trajectory and international re-engagement.

Both sides agreed to maintain regular communication and explore avenues for future collaboration.