ISLAMABAD: Finance Minister Muhammad Aurangzeb emphasised Pakistan’s commitment to sustainable development during a high-level discussion at the World Economic Forum (WEF) on global debt challenges faced by developing economies.
Aurangzeb highlighted efforts to reduce government expenditures and debt servicing, noting the debt-to-GDP ratio had dropped from 78% to 67%. “Pakistan aims to address rising population, poverty, and environmental issues while pursuing sustainable economic growth,” he said.
The minister discussed Pakistan’s 10-year partnership programme with the World Bank and shared plans to promote business-to-business engagement under the second phase of the China-Pakistan Economic Corridor (CPEC).
“Chinese companies will be encouraged to relocate production units to Pakistan, potentially making it a hub for exports,” he added.On the sidelines of the WEF meeting, Aurangzeb met with Anita Zaidi, President of Gender Equality at the Bill and Melinda Gates Foundation.
Discussions focused on collaborative efforts to improve nutrition, health, and polio eradication in Pakistan. The minister reiterated the government’s dedication to advancing these initiatives through a strengthened partnership with the foundation.
Aurangzeb highlighted efforts to reduce government expenditures and debt servicing, noting the debt-to-GDP ratio had dropped from 78% to 67%. “Pakistan aims to address rising population, poverty, and environmental issues while pursuing sustainable economic growth,” he said.
Meanwhile, Interior Minister Mohsin Naqvi has emphasised the importance of strengthening bilateral relations with the United States, expressing a desire for enhanced cooperation across all sectors.
During a meeting with US Congressmen Thomas Richard Suozzi and Jack Bergman in Washington, Naqvi discussed matters of mutual interest, including the situation in Afghanistan and Pakistan-US relations. The Congressmen represent the Democratic and Republican parties, respectively.
Both sides agreed to promote bilateral ties, with Naqvi extending an invitation for the US lawmakers to visit Pakistan. “Your visit will further strengthen bilateral relations,” Naqvi said.Congressman Suozzi expressed his commitment to fostering stronger ties with Pakistan, confirming plans to visit the country soon.
Additionally, it was announced that a Pakistan Caucus Conference would be held in Washington on April 30 to bolster collaboration. The meeting underscores Pakistan’s intent to deepen engagement with the US on key issues of mutual concern.
