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Pakistani Finance Minister Discusses Economic Reforms with World Bank Vice President for South Asia

Washington DC, Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb, met with the World Bank’s Regional Vice President for South Asia, Mr. Martin Raiser, to discuss the progress of Pakistan’s economic reforms and the upcoming Country Partnership Framework (CPF). The meeting took place during the IMF/World Bank Spring meetings in Washington D.C.

According to Press Information Department, Aurangzeb expressed satisfaction that the new CPF would be finalized soon. He outlined the government’s reform efforts in key sectors, including energy, tax reforms, and state-owned enterprises (SOEs), emphasizing the pursuit of both short-term and long-term goals. The Finance Minister highlighted that the focus of the World Bank on climate change, digitalization, and human development aligns with Pakistan’s government priorities.

Aurangzeb shared the government’s vision to realize Pakistan’s full economic potential through sustainable growth and stressed the importance of timely completion of development projects to achieve intended impacts and outcomes. He briefed Raiser on the role of the Special Investment Facilitation Council (SIFC) as a one-window facility for investment promotion and facilitation.

Both sides discussed the need for reforms in the agriculture sector, water management, and waste-water treatment. Aurangzeb’s meeting with the World Bank’s Vice President for South Asia underscored the ongoing collaboration between Pakistan and the World Bank, with a shared commitment to promoting economic development and addressing crucial areas of reform.