Pakistan, World Bank Discuss Economic Reforms

Pakistan's Finance Minister Muhammad Aurangzeb met with World Bank officials in Islamabad to discuss the country's economic reform plans, the state broadcaster Radio Pakistan reported.

The talks covered ways to move from economic stabilization to sustainable growth, and how to boost investment and private sector activity.

Aurangzeb and the World Bank representatives also talked about the need for policy continuity to achieve lasting economic progress. 

They exchanged views on the government's goals for growth and jobs, including ways to strengthen private sector investment, improve the regulatory environment, and secure financing for infrastructure projects.

The meeting also touched on privatization, the importance of clear regulatory frameworks, and the need for credible post-privatization arrangements.

Both sides reaffirmed their commitment to continued cooperation, focusing on maintaining macroeconomic stability, advancing structural reforms, and creating better economic opportunities for Pakistan's people.

World Bank representative Sandeep Mahajan congratulated Pakistan on restoring macroeconomic stability and praised the government's handling of the recent regional conflict.

Mahajan noted that Pakistan's stabilization efforts and policy response had helped the country manage external pressures.

The World Bank officials stressed the need to sustain these gains through ongoing reforms and effective implementation.

Pakistan and the World Bank have a long-standing partnership, with the bank providing financial and technical support to help the country address economic challenges.

The World Bank has been a key player in supporting Pakistan's economic development, providing financing for infrastructure projects, and offering policy advice to help the country achieve sustainable growth.