WASHINGTON, Oct 18, 2025 – Pakistan has formally requested China’s support for its membership in the BRICS-backed New Development Bank (NDB) during a high-level meeting between Finance Minister Muhammad Aurangzeb and China’s Deputy Finance Minister Liao Min, held on the sidelines of the IMF-World Bank Annual Meetings in Washington.
Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb, met with Mr. Liao Min, Deputy Finance Minister of the People’s Republic of China, in Washington D.C.
The Minister briefed Mr. Liao Min on the recently concluded Staff Level Agreement (SLA) with the International… pic.twitter.com/KfmBiyYXKe
— Ministry of Finance, Government of Pakistan (@Financegovpk) October 17, 2025
Established in 2015 by BRICS nations (Brazil, Russia, India, China, and South Africa), the NDB funds infrastructure and sustainable development projects in member states. Pakistan’s Economic Coordination Committee (ECC) had earlier approved its bid for NDB membership in February 2025.
According to a statement from Pakistan’s Ministry of Finance, Aurangzeb welcomed enhanced Chinese investments in ICT, agriculture, industry, and mineral development, while also discussing the issuance of a Panda Bond in China’s capital markets.
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a productive meeting with Congressman French Hill, Chairman of the U.S. House Financial Services Committee, in Washington D.C.
The discussion focused on strengthening Pakistan-U.S. economic and financial… pic.twitter.com/lFvd5t5wWk
— Ministry of Finance, Government of Pakistan (@Financegovpk) October 17, 2025
The finance minister termed Pakistan’s recent staff-level agreement with the IMF as “external validation” of the government’s economic reform agenda and extended an invitation to Liao Min for a future visit to Pakistan.
During his six-day trip from October 13–18, Aurangzeb also met with US Congressman French Hill, Saudi Finance Minister Mohammed Al-Jadaan, and senior officials from Japan, Bangladesh, and multilateral financial institutions.
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, participated in the World Economic Forum’s (WEF) Future of Growth Initiative dialogue on “Leveraging Innovation for Inclusive and Sustainable Growth.”
In his remarks, the Minister emphasized that technological… pic.twitter.com/CV1dgHv0yE
— Ministry of Finance, Government of Pakistan (@Financegovpk) October 17, 2025
At the World Economic Forum (WEF) dialogue, Aurangzeb emphasized leveraging AI and digital technologies for inclusive growth, citing examples of AI-led agricultural reforms in developing countries.
At JP Morgan’s seminar, he highlighted Pakistan’s improving macroeconomic indicators and renewed investor confidence. He also reassured JBIC Governor Nobumitsu Hayashi of Pakistan’s commitment to securing foreign investments, especially in strategic projects like Reko Diq.
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The visit concluded with a media interaction with Bloomberg, and a roundtable discussion at the Atlantic Council, where Aurangzeb presented Pakistan’s vision for sustainable economic reform and regional cooperation.
