FinMin Aurangzeb vows to strengthen key drivers of sovereign ratings

Finance Minister Muhammad Aurangzeb has said the government would work diligently to strengthen both the quantitative and qualitative drivers of sovereign ratings.

He made the remarks during a meeting with a World Bank delegation led by Country Director Ms. Bolormaa Amgaabazar.

The Finance Minister said Pakistan will deepen engagement with relevant stakeholders to support further improvement in sovereign credit standing.

The Finance Minister and the World Bank delegation reviewed implementation of the National Tariff Policy and ongoing analytical support for tariff reforms, including work relating to the automotive sector and future tariff reforms. The discussion emphasized the importance of supporting competitiveness, productivity, investment, exports and Pakistan’s greater integration into global value chains.

Both sides reaffirmed their commitment to continued cooperation under the economic reform partnership, with a shared focus on implementation, institutional strengthening, private-sector-led growth, improved public-resource management, stronger investment and enhanced economic opportunities.