Pakistan, ITFC agree technical teams to explore pricing for remaining financing tranche

Finance Minister Senator Muhammad Aurangzeb and ITFC Chief Executive Officer Engineer Adeeb Y Al Aama have agreed that technical teams from both sides will look at revising pricing and financing volumes for the remaining tranche of ITFC financing. According to Mettis Global, the arrangement comes as Pakistan wants its borrowing costs to better reflect improved market conditions. The two officials met during the World Bank Group-IMF Annual Meetings 2026 held in Bangkok, Thailand, where trade development and financing cooperation were discussed.

Aurangzeb cited Pakistan's economic progress, stronger reserves and regained entry into global capital markets during the talks. Both sides went over the outstanding tranche, and the technical teams will seek a mutually workable solution. He also outlined a plan to replace expensive short-term borrowing with longer-maturity funding that does not add to external debt.

Digital product passports aimed at EU-bound textile shipments and single-window connectivity easing ASEAN trade also featured in the discussions. Both parties restated their long-term partnership and a shared commitment to boosting Pakistan's export competitiveness.