Pakistan and Britain have reaffirmed their commitment to maintaining close engagement and strengthening their bilateral cooperation for sustainable economic growth, institutional development, and regional stability.

The understanding to this effect was reached during a meeting between Minister for Finance and Revenue, Senator Muhammad Aurangzeb and British Parliamentary Under-Secretary of State for the Middle East, Afghanistan and Pakistan Hamish Falconer in Islamabad today.

The meeting involved a comprehensive exchange of views on regional developments, Pakistan's macroeconomic outlook, ongoing structural reforms, fiscal priorities, institutional modernization, and opportunities to further strengthening Pakistan-UK economic cooperation.

The Finance Minister briefed the visiting delegation on the government's economic reform agenda and shared key priorities reflected in the Federal Budget 2026-27.

He reaffirmed the government's focus on preserving macroeconomic stability, sustaining the economic recovery, accelerating structural reforms, and creating conditions for inclusive and durable growth.

During the discussion, the Finance Minister also referred to recent regional developments, including the easing of tensions following the recently agreed understanding between the United States and Iran.

He emphasized that improved regional stability will help create more favourable conditions for investment, trade and economic activity.

The Minister shared that the Government's economic planning and fiscal assumptions remained mindful of possible external and geopolitical risks, including potential second-order impacts arising from prolonged regional uncertainty.

Senator Muhammad Aurangzeb also briefed the delegation on Pakistan's ongoing fiscal and institutional reform efforts.

In his remarks, British Parliamentary Under-Secretary of State for the Middle East, Afghanistan and Pakistan, Hamish Falconer appreciated the Government of Pakistan's commitment to economic reform and acknowledged the seriousness and breadth of the country's ongoing transformation agenda.

He reaffirmed the United Kingdom's interest in continued engagement and cooperation in areas of mutual economic interest.

British High Commissioner to Pakistan Ms. Jane Marriott and other officials of the British High Commission and Ministry of Finance were also present in the meeting.