Finance Minister Muhammad Aurangzeb, and the Governor of the State Bank of Pakistan met with the representatives of Fitch Ratings on the sidelines of the World Bank Group–IMF Annual Meetings  in Bangkok, Thailand, to discuss Pakistan’s economic performance and sovereign credit outlook.

The Finance Minister highlighted restored international capital market access, fiscal consolidation and sustained primary surpluses.

He outlined inflation trends, monetary policy, exchange rate stability and the contained current account deficit.

Discussions also covered reserve accumulation, reduced forward liabilities and stronger external buffers to withstand economic shocks.

The Pakistani delegation highlighted improving debt sustainability, declining servicing costs, longer borrowing maturities and bilateral rollover assurances.

The delegation reaffirmed commitment to completing the IMF programme, implementing structural reforms and promoting export-led growth.

The Finance Minister also discussed trade and investment engagement with the United States and sought Fitch’s assessment of the requirements for progressing towards the BB rating category.