FinMin tells the US Treasury Sec that the country has moved from macroeconomic stabilization to sustainable, export-led growth
Finance Minister Muhammad Aurangzeb meets US Treasury Secretary Scott Bessent in Washington DC. PHOTO: X
Pakistan sought greater US support for improved access to international capital markets, stronger foreign exchange reserves and improved sovereign credit ratings on Tuesday when Finance Minister Muhammad Aurangzeb met US Treasury Secretary Scott Bessent.
According to the Treasury Department, Aurangzeb briefed the US Treasury Secretary on Pakistan’s economic progress and said the country had moved from “macroeconomic stabilization to sustainable, export-led growth”.
During the meeting, the finance minister also highlighted “the adverse effects of the regional situation on Pakistan’s economy,” noting that the economy remained vulnerable to geopolitical developments in the region.
Federal Minister of Finance and Revenue Senator Muhammad Aurang Zeib
وزیرِ فازیران Senator Muhammad Aurangzeb informed the American Minister of Finance on the journey of stability, sustainable and export-led growth to Pakistan
وزیرخزانه کی pakistani regional situation… pic.twitter.com/bYdKRDFXpt
— Ministry of Finance, Government of Pakistan (@Financegovpk) July 21, 2026
The ministry said Aurangzeb sought “greater US support for Pakistan’s path to market based on improved access to international capital markets, higher foreign exchange reserves and improved sovereign credit ratings”.
The finance minister expressed Pakistan’s desire for US cooperation regarding “enhanced access to international capital markets, enhancement of foreign exchange reserves and increased market access based on sovereign credit ratings”.
The two sides also reviewed the prospects of expanding bilateral economic ties and investments.
The Treasury Department said, “both sides reaffirmed their commitment to deepen bilateral economic cooperation, promote greater US investment and advance strategic projects.”
It added that both Pakistan and the US expressed “commitment to promote economic cooperation, increase US investment and ensure progress on strategic projects.”
Aurangzeb on Tuesday held a virtual meeting from Washington DC with the top management of consortiums of international banks under Pakistan’s Global Medium-Term Note Program and International Sukuk Program.
The meeting marked the beginning of a strategic partnership with selected financial institutions.
The consortia have been appointed for three years and will support Pakistan’s sovereign capital market issuances of both conventional and Islamic financing instruments. Upon completion of the required documentation and all applicable formalities, the government intends to use these structures for frequent issuance as needed in line with its funding strategy.
Pakistan’s re-engagement with international capital markets is supported by the country’s improved macroeconomic environment. Sustained fiscal consolidation, the rebuilding of external buffers, strengthening of debt sustainability indicators and the continued implementation of structural reforms have strengthened investor confidence and financial credibility.
The positive reassessment of Pakistan’s macroeconomic outlook is also evident from the significant compression of sovereign credit spreads, with market prices increasingly reflecting strong underlying credit fundamentals and confidence in the country’s reform process.
