UBL Posts Record Quarterly Profit Crossing Rs100 Billion
April 17, 2026
Pakistan and China expand financial cooperation at IMF meetings, highlighting reforms, external stability, and new strategies like Panda bonds and RMB trade.
Read more: IMF Chief Praises Pakistan Reform Progress
Muhammad Aurangzeb held talks with Lan Fo’an during the World Bank–IMF Spring Meetings 2026, focusing on expanding financial cooperation and reviewing Pakistan’s economic outlook.
Aurangzeb thanked China for its continued backing and highlighted its supportive role at the International Monetary Fund. He updated the Chinese side on Pakistan’s reform progress, noting that agreements on key IMF reviews have been reached, with final approval expected soon.
He also pointed to improvements in external stability, including the repayment of a $1.4 billion Eurobond and additional financial support from Saudi Arabia. Plans for Pakistan’s first Panda bond were discussed as part of efforts to broaden funding sources and tap international markets.
“We aim to deepen cooperation and strengthen regional financial linkages,” Aurangzeb said during the meeting, while reaffirming support for the Shanghai Cooperation Organization Development Bank initiative.
Both sides also explored increasing the use of the Chinese currency in trade, reflecting growing economic integration.
