Pakistani delegation to ‘attend’ IMF and WB spring meetings in US

A Pakistani delegation, led by Finance Minister Muhammad Aurangzeb, is set to attend the International Monetary Fund (IMF) and World Bank Spring Meetings in Washington, D.C., from April 13 to 18. The delegation, also comprising the Governor of the State Bank of Pakistan and the Federal Secretary of Finance, aims to hold sideline meetings with international delegations and engage with U.S. investors. The objective is to highlight Pakistan’s economic priorities and attract investment, strengthening international financial relations and exploring avenues for collaboration. This participation occurs amidst demands from the IMF for Pakistan to significantly reduce power subsidies to Rs 830 billion in the next budget and eliminate circular debt in the power sector by 2031.