Govt seeks deeper financial cooperation with China

Federal Minister for Finance Muhammad Aurangzeb on Monday met Jing Feng, Chairman of Hongta Securities, in Beijing to discuss avenues for strengthening capital market cooperation and expanding financial sector linkages between Pakistan and China.

According to an official statement, the finance minister highlighted Pakistan's recent economic performance and reaffirmed the government's commitment to structural reforms aimed at achieving sustainable and inclusive growth.

Aurangzeb drew attention to the growing confidence of international credit rating agencies in Pakistan's economy, noting recent upgrades. Moody's revised Pakistan's rating from Caa2 to Caa1 with a stable outlook, while both Fitch and Standard & Poor's raised their assessments from CCC+ to B- with stable outlooks.

The minister stressed that Pakistan is working to diversify financial options and deepen engagement with leading global and Chinese institutional investors.