Islamabad: Finance Minister Muhammad Aurangzeb chaired a meeting with Director General for Humanitarian and Development at the UK’s Foreign, Commonwealth and Development Office, Ms. Melinda Bohannaon, in Islamabad today. The Minister apprised the delegation of the government’s stabilization and structural reforms program. He outlined key initiatives, including the privatization agenda, rightsizing of the federal government, pension reforms, and reforms in state-owned enterprises. He highlighted that the quarter 1 tax revenues increased by 25.6 percent in FY 25.

According to Radio Pakistan, Muhammad Aurangzeb further shared details about the upcoming ten-year Country Partnership Framework with the World Bank. He added that Pakistan will be the first country to enter such a framework. He emphasized that the framework will address existential challenges, including population growth, child stunting, and climate change, underscoring the government’s commitment to sustainable development.

Both the Minister and Di
rector General FCDO agreed on the importance of adopting a responsive and proactive approach to reforms. The Minister also emphasized the need to stay the course to ensure that the reform initiatives achieve lasting impact and contribute to Pakistan’s long-term economic and social development.