Pakistan deepens global partnerships as Japan’s JBIC joins Reko Diq lender group

Strengthening economic ties with major economic partners, Pakistan secured a significant boost in investor confidence after the Japan Bank for International Cooperation (JBIC) agreed to join the Reko Diq lender group, during Finance Minister Muhammad Aurangzeb’s series of high-level meetings in Washington DC with officials from the US, China, and Japan. Aurangzeb continued his engagements on the fourth day of his visit to Washington DC, where he is attending the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, read a statement released on Friday. During his interaction, the finance minister met with Nobumitsu Hayashi, Governor of the Japan Bank for International Cooperation (JBIC), and “welcomed JBIC’s formal commitment to join the Reko Diq lender group, noting that this move would strengthen investor confidence and encourage Japanese businesses to expand their presence in Pakistan”.