Pakistan finance minister holds financing talks with banks and UNDP in Bangkok
Finance Minister Muhammad Aurangzeb met with banking partners and the UNDP on Saturday during the IMF-World Bank meetings in Bangkok.
Meetings cover debt and investment options
The minister discussed financing options, investment opportunities, and debt management with officials from three specific banks. Sharjah Islamic Bank representatives confirmed their readiness to participate in a prospective Sukuk issuance for Pakistan. Discussions also included rupee-denominated dollar-settled instruments and possible tokenisation of Eurobonds.
Focus on fiscal improvements and climate
Aurangzeb highlighted recent upgrades to the nations credit rating and progress under the International Monetary Fund programme. He stressed the need to replace costly short-term debt while extending maturities without increasing overall external debt levels. The talks with UNDP Administrator Alexander De Croo focused on development financing, climate resilience, and employment strategies.
Global funding costs impact discussed
Participants examined the effect of rising global funding costs on future borrowing strategies for the country. Both sides explored financing backed by the Multilateral Investment Guarantee Agency to support infrastructure projects. The minister outlined available investment opportunities in sectors such as refineries during these sidelines discussions.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Business Recorder
- Associated Press of Pakistan
Reported by
2 independent outlets. Headlines as published. Links open the original report.