ISLAMABAD:Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and Chief Executive Officer of the International Islamic Trade Finance Corporation (ITFC) Engineer Adeeb Y. Al Aama on Thursday discussed financing cooperation, borrowing costs and initiatives to strengthen Pakistan’s export competitiveness.
The meeting was held on the sidelines of the World Bank Group-IMF Annual Meetings 2026 in Bangkok, Thailand, where both sides reviewed the remaining financing tranche and explored ways to align borrowing costs with improved market conditions, a news release said here.
The two sides agreed that their technical teams would examine possible adjustments in pricing and financing volume to reach a mutually acceptable solution.
The finance minister highlighted Pakistan’s economic progress, improved foreign exchange reserves and renewed access to international capital markets.
He also outlined the government’s efforts to replace costly, short-term borrowing with longer-maturity financing without increasing external debt.
The discussions also covered digital product passports to support Pakistan’s textile exports to the European Union and single-window connectivity to facilitate trade with the Association of Southeast Asian Nations (ASEAN).
Both sides reaffirmed their long-term partnership and commitment to strengthening Pakistan’s export competitiveness through enhanced financing cooperation and trade facilitation.