WASHINGTON DC: Japan Bank for International Cooperation (JBIC) has formally committed to joining the Reko Diq lender group, a move that Pakistan’s Finance Minister Muhammad Aurangzeb praised during his meeting with JBIC Governor Nobumitsu Hayashi in Washington D.C, the Ministry of Finance said in a statement.
Finance Minister Muhammad Aurangzeb held a series of high-level meetings in Washington D.C. to strengthen international and regional economic ties. During a meeting with Japan Bank for International Cooperation (JBIC) Governor Nobumitsu Hayashi, Minister Aurangzeb praised JBIC’s commitment to joining the Reko Diq lender group, emphasizing that this move would positively impact Japanese businesses looking to invest in Pakistan.
The finance minister also welcomed the recent Staff Level Agreement (SLA) with the International Monetary Fund (IMF), which he described as external validation of Pakistan’s economic reform agenda. He added that international rating upgrades further affirmed the government’s commitment to reform.
The finance minister highlighted Pakistan’s efforts to ensure foreign investor confidence, stressing the importance of collaboration between the public and private sectors to improve the country’s competitiveness in global markets.
In another key meeting, Minister Aurangzeb met Mr. Liao Min, Deputy Finance Minister of China. He briefed Mr. Liao on the recent SLA with the IMF and provided an update on Pakistan’s Panda Bond issuance in the Chinese market.
