Finance Minister, Muhammad Aurangzeb has left for the United States (US) to attend the annual meetings of the International Monetary Fund (IMF) and World Bank.
The IMF and World Bank meetings will start from today (October 21) till October 26.
The delegation also has left with the minister including the finance secretary, economic affairs secretary, State Bank of Pakistan governor, and other key officials from the financial sector.
They are also scheduled to engage in high-level discussions with IMF and World Bank leaders.
Additionally, the delegation will hold talks with senior officials from the US Treasury Department.
IMF and Pakistan
This year’s meetings hold particular significance for Pakistan, following the IMF’s recent approval of a $7 billion loan intended to help stabilise the country’s struggling economy.
According to the IMF, the inflation in Pakistan will remain at 9.5 per cent during the current fiscal year.
The IMF estimated that inflation would decrease further to 6.5 per cent in the 2026-2027 fiscal year, with the same rate forecasted for the 2027-2028 and 2028-2029 fiscal years.
