Finance Minister expressed his gratitude to IFTC for providing commodity financing to Pakistan for three years


Washington: The International Islamic Trade Finance Corporation (ITFC) announced it would provide commodity financing of $3 billion over three years to Pakistan, with direct immediate funding of $269 million.
Finance Minister Muhammad Aurangzeb expressed his gratitude to IFTC for providing commodity financing to Pakistan for three years.
Earlier, Federal Finance Minister Muhammad Aurangzeb also met Assistant Secretary for Economic and Business Affairs Amy Holman of the US Department of State.
In this meeting held in Washington DC, the Finance Minister recognized the importance of Pakistan-US economic partnership in the socio-economic development of Pakistan and thanked the US for its support.
The finance minister identified investment opportunities in agriculture, IT, energy, and mining sectors and invited American companies to invest in these sectors.
In an address to a think tank in Washington, Aurangzeb said they are making policies to reduce government expenditure and reforms in various sectors.
He stated that the Pakistani rupee is getting stronger and remittances are improving.
It is pertinent to note that Federal Finance Minister is in America with a delegation to participate in the annual meetings of the World Bank and International Monetary Fund (IMF) in Washington.

Saudi, Iraqi oil halt puts Modi govt in tight spot
- 6 hours ago
China-Pakistan children’s art exhibition opens in Islamabad
- 7 hours ago
UN launches Pakistan migration network to tackle human trafficking, smuggling
- 7 hours ago

FC Headquarters targeted in Bannu: 6 security personnel martyred, 5 terrorists Killed
- 6 hours ago
UK to bring injured Gaza children for treatment, offers scholarships to Palestinians
- 10 hours ago
Several injured in vehicle blast in Turbat
- 11 hours ago
.jpg&w=3840&q=75)
Flour prices soar in Punjab amid wheat shortage
- 10 hours ago

Tremors felt in Islamabad, Peshawar, and other cities
- 10 hours ago

Google Maps to get ‘live updates’ feature in Android 16
- 10 hours ago
EU announces emergency aid of Rs350m for Pakistan flood victims
- 7 hours ago

Three, including two children, drown in Indus River near Naushahro Feroze
- 11 hours ago
Pakistan, Russia vow to strengthen bilateral relations at SCO summit
- 11 hours ago