Pakistan raises $3 billion as fiscal deficit falls...

Summary

• Speaking during meetings on the sidelines of the 2026 World Bank Group and International Monetary Fund (IMF) Annual Meetings in Bangkok, Thailand on October 14, Aurangzeb said the country’s fiscal deficit had declined to 2.6 percent of gross domestic product (GDP) its lowest level in 22 years.
• During meetings with international banks, investors and credit rating agencies, Aurangzeb discussed economic reforms borrowing plans and measures to attract private investment.
• During meetings with IMF officials, Aurangzeb highlighted foreign exchange reserves sufficient to cover three months of imports and referred to the October 7 staff-level agreement.

AI Generated Summary

ISLAMABAD: Pakistan has returned to international capital markets after a four-year gap raising $3 billion as the government reports improvements in public finances tax collection and debt management Finance Minister Senator Muhammad Aurangzeb told international investors.

Speaking during meetings on the sidelines of the 2026 World Bank Group and International Monetary Fund (IMF) Annual Meetings in Bangkok, Thailand on October 14, Aurangzeb said the country’s fiscal deficit had declined to 2.6 percent of gross domestic product (GDP) its lowest level in 22 years.