Ministry of Finance
In Islamabad, Federal Finance Minister Muhammad Aurangzeb urged the Regional Vice President of the World Bank to synchronize the Country Partnership Framework with Pakistan’s key reform objectives.
During a meeting at the Finance Division on Monday, Finance Minister Muhammad Aurangzeb briefed Martin Riser, the World Bank’s Regional Vice President for South Asia, on Pakistan’s macroeconomic status and the government’s endeavors to stabilize the economy. He highlighted priority reform areas such as enhancing the tax-to-GDP ratio, reducing costs in the energy sector, reforming state-owned enterprises, privatization, and fostering human capital development.
Martin Riser commended Pakistan’s dedication to economic reforms and reiterated the World Bank’s willingness to offer technical assistance and financial aid to support the country in achieving its development targets.
Minister Aurangzeb requested the Regional Vice President to ensure alignment of the World Bank’s Country Partnership Framework with Pakistan’s reform agenda, to which Riser agreed, affirming the World Bank Group’s commitment to aiding the government in energy sector reforms, boosting exports, advancing microfinance, enhancing environmental resilience, and bolstering social security.
Both parties affirmed their commitment to bolstering the partnership for the betterment of Pakistan’s economy and its populace.
