BANGKOK: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb accepted the chairmanship of the Governing Council of the Borrowers’ Platform on behalf of Pakistan on the sidelines of the World Bank Group–IMF Annual Meetings 2026 in Bangkok, Thailand, on October 12.
According to a media brief issued by the Government of Pakistan’s Finance Division, the finance minister acknowledged Egypt’s leadership and the contributions of member countries and the Secretariat in operationalising the Platform.
Senator Aurangzeb emphasised that the Borrowers’ Platform would promote mutual learning and technical cooperation, rather than serve as a collective bargaining forum or a crisis-management mechanism.
He outlined Pakistan’s priorities under the 2026–27 work plan, which include strengthening debt-management practices, sharing reform experiences and exploring innovative development-financing instruments.
The minister reaffirmed Pakistan’s commitment to practical implementation and measurable results, stressing that debt should remain an instrument for development rather than a constraint on it.
In his concluding remarks, Senator Aurangzeb welcomed the rapid progress made in establishing the Platform’s institutional foundations, governance arrangements and shared work programme. He also welcomed the growing interest from prospective member countries.
The finance minister also addressed a press conference following the session.
