ISLAMABAD: South Asia Regional Vice President (SARVP) of the World Bank, Martin Raiser on Monday called on Pakistan’s Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb.
The meeting was also attended by Country Director of the World Bank Najy Benhassine and senior officers from Finance and Economic Affairs Divisions.
The finance minister briefed Raiser on the macro-economic situation of Pakistan and efforts of the government for stabilization of the economy.
He outlined the government’s priority reform areas, including increasing the tax to GDP ratio, SOE reforms, reducing the costs in energy sector, privatization and human capital development.
World Bank Acknowledges Pakistan’s Commitment
Martin Raiser acknowledged Pakistan’s commitment to economic reforms and reiterated the World Bank’s readiness to extend financial support and technical assistance to facilitate the country in achieving its developmental objectives.
The finance minister requested the World Bank Vice President to align country partnership framework of WB with the priority reform areas of the government of Pakistan. Raiser acknowledged the request and said that the World Bank Group will provide necessary support to the government in implementing its reform agenda in energy sector, boosting exports, microfinance, building climate resilience and social protection.
The meeting concluded with both sides reaffirming their commitment to strengthening the partnership for the betterment of the economy of Pakistan and its people.
