ECC Reaffirms Commitment to Economic Stability Under Finance Minister Aurangzeb, as the latest session of the Economic Coordination Committee highlighted the government’s focus on maintaining financial strength and ensuring sustainable reforms. The meeting, chaired by Finance Minister Muhammad Aurangzeb, emphasized continued cooperation between federal and provincial institutions to support the reform agenda. ECC Reaffirms Commitment to Economic Stability Under Finance Minister Aurangzeb and credited coordinated actions for enabling the successful completion of the IMF’s second review.
The finance minister expressed gratitude for the collaboration of institutions in advancing economic reforms. He noted that the IMF Executive Board has approved the release of a one billion dollar tranche for Pakistan. Additionally, another 200 million dollars has been released under the Resilience and Sustainability Facility. He shared that the IMF appreciated Pakistan’s economic performance despite recent flood challenges, recognizing the strong fiscal management and resilience of the country.
He further highlighted that the IMF praised joint efforts at the federal and provincial levels as key contributors to Pakistan’s financial stability. Despite the severe flood situation, Pakistan did not require immediate international emergency assistance thanks to improved management and preparedness. The country’s financial and external buffers helped absorb shock, and strong economic governance ensured stability during the crisis.