Islamabad, March 11, 2026 – Federal Minister for Finance and Revenue Muhammad Aurangzeb held a virtual meeting with leaders of Pakistan’s banking sector on Wednesday to review the evolving economic and financial situation amid ongoing regional developments.
The meeting was held with the Pakistan Banks Association (PBA), led by its Chairman Zafar Masud, along with presidents and senior executives from major banks across the country.
Focus on Financial Stability and Coordination
According to an official statement, the discussion centered on the need for close coordination between the government, the banking sector, and the central bank to ensure financial stability and uninterrupted financial services.
The finance minister briefed participants on the government’s ongoing monitoring of the situation and measures being taken to assess potential economic implications.
He said the government has established a high-level coordination mechanism involving key economic ministries and relevant institutions to continuously review developments.
Monitoring Global Markets and Supply Chains
Officials are closely examining trends in global markets, supply chains, and energy markets to assess their possible impact on Pakistan’s key macroeconomic indicators.
Aurangzeb informed participants that the government is conducting regular scenario analyses to evaluate potential effects on:
• Inflation
• External accounts
• Overall economic stability
He stressed that authorities remain focused on ensuring the continuity of essential supplies while maintaining macroeconomic stability.
Engagement with International Stakeholders
The finance minister also noted that the government is maintaining engagement with international partners and financial stakeholders to safeguard Pakistan’s economic interests.
He emphasized that coordinated decision-making and close engagement with key sectors of the economy are particularly important during periods of uncertainty.
Aurangzeb appreciated the role of the banking sector in maintaining market confidence and ensuring the smooth functioning of financial systems.
Banking Sector Urged to Support Businesses
The finance minister encouraged banks to continue supporting businesses and customers while maintaining responsible risk management practices.
He also highlighted the importance of operational resilience and effective communication within the financial sector to ensure uninterrupted banking services.
Aurangzeb reaffirmed the government’s commitment to maintaining open communication channels with the financial industry and working closely with the State Bank of Pakistan to respond to economic developments.
Banking Sector Preparedness Measures
Earlier, PBA Chairman Zafar Masud briefed the finance minister on the banking sector’s internal consultations and preparedness measures in response to the evolving situation.
He said the banking industry has held discussions to review potential impacts on financial markets and operational continuity while focusing on maintaining uninterrupted services for customers and businesses.
Masud also informed the meeting that the industry has established a coordination framework to facilitate timely consultations and information sharing among financial institutions.
Ensuring Smooth Financial Operations
The banking sector is also engaging with key stakeholders in the financial system to ensure the smooth functioning of payment infrastructure and financial services.
Masud said banks will remain in close contact with the State Bank of Pakistan and other relevant institutions while continuing regular consultations within the industry.
He also emphasized the importance of maintaining strong coordination between the government, the central bank, and the banking industry to support financial market stability, trade flows, and economic activity.
The PBA chairman reaffirmed the banking sector’s commitment to cooperate with the government and regulators in addressing emerging economic challenges.