Finance Minister Meets ITFC CEO to Discuss Financing Cooperation and Trade Development
Muhammad Aurangzeb and Engineer Adeeb Y. Al Aama review financing terms, borrowing costs and initiatives to strengthen Pakistan’s exports and regional trade connectivity
ITFC Financing: Finance Minister Muhammad Aurangzeb discusses financing cooperation and trade development with ITFC CEO Adeeb Y. Al Aama
BANGKOK, October 15, 2026: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met with Engineer Adeeb Y. Al Aama, Chief Executive Officer of the International Islamic Trade Finance Corporation (ITFC), on the sidelines of the World Bank Group–IMF Annual Meetings 2026 in Bangkok, Thailand, to discuss financing cooperation and trade development.
During the meeting, Aurangzeb highlighted Pakistan’s economic progress, improved foreign exchange reserves and renewed access to international capital markets.
Both sides reviewed the remaining financing tranche and discussed aligning borrowing costs with improved market conditions. They agreed that their technical teams would examine possible adjustments to pricing and financing volumes to reach a mutually acceptable arrangement.
Focus on Sustainable Financing
Aurangzeb outlined the government’s efforts to replace costly, short-term borrowing with financing arrangements offering longer maturities, without increasing the country’s external debt.
The discussions focused on exploring financing options that could support Pakistan’s economic requirements while taking account of changing market conditions.
The meeting also reaffirmed the importance of continued cooperation between Pakistan and ITFC in supporting trade-related financing and economic development.
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Digital Trade and Export Competitiveness
The two sides also discussed initiatives to facilitate Pakistan’s exports and strengthen regional trade links.
A key topic was the introduction of digital product passports to support Pakistani textile exporters in meeting relevant requirements for access to the European Union market.
The discussions also covered single-window connectivity to facilitate trade with the Association of Southeast Asian Nations (ASEAN), with the aim of improving trade processes and strengthening regional commercial links.
Both sides reaffirmed their long-term partnership and commitment to enhancing Pakistan’s export competitiveness through financing cooperation, trade facilitation and improved market access.
