Pakistan finmin seeks investments in Washington meetings with Deloitte, IFC executives

Federal Minister for Finance and Revenue Muhammad Aurangzeb meeting with the Deloitte team on the sidelines of the WB/IMF Spring Meetings 2025, in Washington D.C., on April 21, 2025. (GOP)
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Updated 21 April 2025
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Pakistan finmin seeks investments in Washington meetings with Deloitte, IFC executives

  • Aurangzeb discusses cooperation in private sector reforms, energy transition, sound municipal finance, employment with IFC team
  • Pakistan finmin seeks investments in Washington meetings with Deloitte, IFC executivesDiscusses energy reforms, extraction, marketing of critical minerals, privatization, technology, crypto policy with Deloitte executives

KARACHI: Pakistani Minister for Finance and Revenue, Muhammad Aurangzeb, held separate meetings on Monday with executives from Deloitte and the International Finance Corporation and discussed cooperation in multiple areas like energy and private sector reforms and critical minerals.

Aurangzeb left for the US last week to attend the World Bank Group/IMF Spring 2025 Meetings from Apr. 21-26. A statement from his office said on Saturday besides meeting with top officials of the World Bank and the IMF, the finance minister would also meet with finance ministers and counterpart leaders of China, the United States, United Kingdom, Saudi Arabia and Turkiye and officials of global credit rating agencies, commercial and investment banks.

On Monday, Aurangzeb met Hela Cheikhrouhou, Regional Vice President of the International Finance Corporation, and her team.

“Both sides explored cooperation in the areas of private sector reforms, energy transition, sound municipal finance and full employment,” a statement from the finance ministry said. “The Minister appreciated the lead role of IFC in raising $2.5 billion in debt financing for Reko Diq Copper & Gold Mine Project in Balochistan. 

Aurangzeb also separately met with a team from Deloitte and briefed them on Pakistan’s macroeconomic outlook, the government’s sectoral development agenda and export-led growth priorities, the finance ministry said. 

“Explored cooperation in the areas of energy sector reforms, extraction and marketing of critical minerals, privatization, technology, crypto policy and operationalization of Country Partnership Framework (CPF),” the statement added. 


Pakistan Airports Authority reports ‘historic’ twin-engine aircraft landing in Lahore

Updated 13 December 2025
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Pakistan Airports Authority reports ‘historic’ twin-engine aircraft landing in Lahore

  • Twin-engine aircraft are usually larger, heavier and require better airport infrastructure, navigation systems to land
  • Pakistan Airports Authority says landing reflects its commitment to enhance aviation sector, strengthen infrastructure

ISLAMABAD: The Pakistan Airports Authority (PAA) announced on Saturday that the New General Aviation Aerodrome achieved a significant milestone when it handled the landing of a twin-engine aircraft. 

A twin-engine aircraft has two engines that provide it redundancy and increased performance compared to single-engine counterparts. These aircraft range from small twin-engine propeller planes to large commercial jetliners. The presence of multiple engines enhances safety by allowing the aircraft to continue flying in the event of an engine failure.

However, twin-engine aircraft are usually larger, heavier and more complex than single-engine planes. They require advanced airport infrastructure such as better runways, navigation systems and air traffic coordination. 

“The New General Aviation Aerodrome, Lahore achieved another significant operational milestone today with the successful landing of a twin-engine aircraft, following the recent arrival of a single-engine aircraft,” the PAA said in a statement. 

It said the flight was also boarded by Air Vice Marshal Zeeshan Saeed, the director general of the PAA. The move reflected “strong institutional confidence” in the aerodrome’s safety standards, operational capability, and overall readiness, it added. 

“The landing was conducted with exceptional precision and professionalism, demonstrating the aerodrome’s robust operational framework, technical preparedness, and effective airside coordination in accordance with contemporary aviation requirements,” the PAA said. 

It said the landing represented a “major advancement” in Pakistan’s general aviation sector and underscores the PAA’s commitment to enhancing regional aviation capacity, strengthening infrastructure and promoting excellence in aviation development.