Finance minister consults banks amid evolving regional situation

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Wednesday held a virtual meeting with the Pakistan Banks’ Association (PBA) and senior leadership of major banks to review the evolving economic and financial situation in light of regional developments. The meeting, attended by PBA Chairman Zafar Masud and presidents of leading banks, focused on ensuring financial stability and uninterrupted banking services through close coordination between the government, the State Bank of Pakistan (SBP) and the banking sector. The finance minister briefed participants on the government’s monitoring of the situation and steps being taken to assess potential economic implications. He said a high-level coordination mechanism comprising key economic ministries and relevant institutions had been established to continuously review developments.