Treasury's Bessent welcomes Pakistan's reforms, push to return to capital markets

U.S. Treasury Secretary Scott Bessent met with Pakistan's finance minister, Muhammad Aurangzeb, on Tuesday, expressing support for the South Asian nation's economic reforms. According to a U.S. Treasury statement released Wednesday, Bessent welcomed Pakistan's progress in implementing economic reforms. He also acknowledged the country's groundwork for a return to international capital markets.

Pakistan has been seeking to stabilize its economy and regain investor confidence. The government has been pursuing a series of reforms aimed at fiscal consolidation and improving the business environment. A return to international capital markets would allow Pakistan to access funding for development projects and to manage its debt obligations.

The meeting underscores the ongoing engagement between the U.S. and Pakistan on economic matters. The U.S. has previously supported Pakistan's economic stabilization efforts through various channels. Bessent's remarks signal continued U.S. interest in Pakistan's economic trajectory and its integration into global financial systems.

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welcomed the country's progress in implementing economic reforms and laying the groundwork for a return to international capital markets