US treasury secretary welcomes Pakistan’s economic reforms, return to capital markets
US Treasury Secretary Scott Bessent met Finance Minister Muhammad Aurangzeb a day earlier and welcomed Pakistan’s progress in implementing economic reforms and laying the groundwork for a return to international capital markets, the Treasury said in a statement on Wednesday. According to a statement, Bessent emphasised the “importance of Pakistan’s work to continue its reforms, become more economically self-reliant, boost growth and strengthen its economic resilience”. “Secretary Bessent welcomed the progress Pakistan has made in restoring macroeconomic stability and advancing fiscal consolidation, recognising the government’s efforts to implement significant economic reforms,” Treasury said. The statement added that Bessent also expressed support for Pakistan’s efforts to build greater economic self-reliance and commended the government’s commitment to creating the conditions for a successful return to international capital markets. The statement, however, did not address Pakista...