Finance Minister Muhammad Aurangzeb on Tuesday held a meeting with UK Parliamentary Under-Secretary of State for the Middle East, North Africa, Afghanistan and Pakistan (MENAP), Hamish Falconer MP, at the finance division. The discussions centered on Pakistan’s macroeconomic outlook, reform agenda, and ways to strengthen bilateral economic cooperation.
High-Level Meeting
According to a statement posted by the Ministry of Finance on X, the meeting was also attended by British High Commissioner to Pakistan Jane Marriott and senior officials from both sides. The two sides engaged in a comprehensive exchange on Pakistan’s macroeconomic outlook, fiscal and structural reform agenda, Budget 2026–27 priorities, and avenues to further strengthen Pakistan–United Kingdom economic cooperation.
Reform Program Briefing
The finance minister briefed the delegation on the government’s ongoing reform program, which focuses on macroeconomic stability, improved revenue mobilisation, enhanced compliance, digitalisation of tax administration, transparency, and institutional modernisation. These measures are aimed at achieving sustainable and inclusive growth.
Regional Developments
Discussing regional developments, Aurangzeb noted the recent easing of tensions, including following the understanding reached between the United States and Iran. He reiterated Pakistan’s consistent role in advocating dialogue, de-escalation, and the peaceful resolution of conflicts. The finance minister stated that regional stability remains critical for global economic confidence, energy markets, supply chains, and growth prospects, particularly for emerging economies such as Pakistan.
He further observed that Pakistan’s economic planning and fiscal framework continued to account for potential external and geopolitical risks, while emphasising that greater regional stability creates stronger prospects for investment, trade, and long-term economic resilience.
UK’s Appreciation and Commitment
Falconer appreciated Pakistan’s reform agenda, noting its breadth and seriousness. He underscored the importance of sustained implementation, institutional strengthening, and improved economic competitiveness. The UK minister reaffirmed the United Kingdom’s continued interest in deepening engagement in areas of mutual economic cooperation.
Commitment to Strengthen Relations
Both sides reaffirmed their commitment to strengthening Pakistan-UK relations and continued collaboration in support of economic stability, reform, and regional peace.
