KARACHI: Pakistan’s Finance Minister Muhammad Aurangzeb left for the United States on Saturday to attend the World Bank/International Monetary Fund (IMF) Spring Meetings 2025, the finance ministry said.
Leading finance ministers and officials of the World Bank and the IMF will gather in Washington D.C. to attend the spring meetings from Apr. 21-26.
Aurangzeb will meet with top officials of the World Bank and IMF, and interact with the finance ministers from China, the United Kingdom, Saudi Arabia and Turkiye, the finance ministry said. 
“The Finance Minister will clarify the country’s economic scenario while addressing investment forums and seminars during the visit,” the statement said.
Aurangzeb will meet officials of the US State and Treasury Departments as well as those from global credit rating agencies, commercial and investment banks.
“During the visit, the Finance Minister will attend the 13th Ministerial Meeting of the Coalition of Finance Ministers for Climate Action,” the ministry said.
Aurangzeb will address a roundtable discussion with institutional investors organized by Jefferies International, titled: ‘Pakistan’s Economic Outlook, Recent Fiscal and Monetary Developments and Progress on Reforms and Engagement with the IMF.’
The finance minister will also address a session organized by the Center for Global Development (CGD) on ongoing reforms in Pakistan and future challenges that the country faces. 
Aurangzeb will meet Garji Ghosh, the president of the Global Policy and Advocacy Division, Gates Foundation and Queen Maxima of the Netherlands. 
“Finance Minister Muhammad Aurangzeb will visit leading think tanks in the US,” the ministry said, adding that he will also meet international and US media representatives. 
Aurangzeb’s visit takes place as Pakistan tries to recover from a prolonged macroeconomic crisis via financial reforms mandated by the IMF. 
The IMF staff reached a deal with Pakistan for a new $1.3 billion arrangement last month and also agreed on the first review of the ongoing 37-month bailout program. Pending board approval, Pakistan can unlock the $1.3 billion under a new climate resilience loan program spanning 28 months. 
The IMF will also release $1 billion for Pakistan under its $7 billion bailout program, which would bring those disbursements to $2 billion.

ISLAMABAD: A magnitude 5.9 earthquake jolted several cities in northern Pakistan on Saturday morning, state-run media reported, with no reported casualties or damages. 
As per the National Seismic Monitoring Center, the earthquake’s epicenter was the border region between Afghanistan and Tajikistan and was measured at a depth of 94 kilometers. 
“The National Seismic Monitoring Center reported that the earthquake’s tremors were felt in numerous cities at 11:48 a.m. including Islamabad, Rawalpindi, Lahore, Sheikhupura, Abbottabad, Attock, Haripur, Mansehra, Peshawar, Nowshera, Mardan, Haripur, Swat, Chitral, Shangla, Malakand, Muzaffarabad and several other cities,” state-run Associated Press of Pakistan (APP) said. 
As per the APP, alarmed citizens ran out of their homes and started reciting verses from the Qur’an after feeling the tremors. 
“No loss of life and property was reported from any part of the country so far,” it added. 
Pakistan sits on the boundary of the Indian and Eurasian tectonic plates and is prone to seismic activity.
The country’s northern and western regions are home to mountain ranges such as the Himalayas, Hindu Kush and Karakoram.
Among the most devastating earthquakes in Pakistan’s history was the 2005 Kashmir quake, which measured 7.6 in magnitude and killed more than 86,000 people.
In 2013, a 7.7-magnitude earthquake struck southwestern Balochistan, killing over 800 people and flattening entire villages.