Overview
- A staff-level agreement clears about $1.2 billion from the IMF, with officials stressing continued reforms in taxation, energy and state-owned enterprises.
- In Washington meetings, Finance Minister Muhammad Aurangzeb briefed Saudi counterpart Mohammed Aljadaan on PIA and airport privatization and agreed on using IFC and MIGA to mobilize and de-risk private capital.
- Authorities outlined plans to issue an inaugural yuan-denominated Panda bond by late November or early December and to re-enter global markets with Eurobonds and international sukuk.
- Aurangzeb met World Bank President Ajay Banga to seek additional IDA support under the Country Partnership Framework and discussed a holistic push on gas and power sector reforms.
- Investor outreach highlighted improved ratings and macro indicators, with Fitch upgrading Pakistan to B- (stable), SBP citing inflation at 5.6% in September and stronger FX buffers, and the minister projecting 3.5%–4% growth while warning of flood and trade-deficit risks.