A World Bank team met Pakistan’s Finance Minister Muhammad Aurangzeb on Monday and presented its ongoing work on the National Growth and Fiscal Program during a meeting with Pakistan’s finance ministry on Monday, underscoring its commitment to supporting the nation’s economic and fiscal reforms.
In January, the World Bank pledged $20 billion to Pakistan as part of a 10-year Country Partnership Framework (CPF). The initiative aims to bolster inclusive and sustainable development with a focus on poverty alleviation, climate resilience, and fostering private sector growth.
The program addresses critical areas, including strategies to unlock constraints to growth, enhance revenue mobilization, improve spending efficiency, and ensure accountability in public services.
A key objective is to pave the way for increased private investment while directing more public resources toward inclusive development.
During the meeting, the World Bank updated Finance Minister Aurangzeb on its analysis of policy proposals and feedback from trade bodies, chambers, and associations gathered during pre-budget consultations.
The early start to the budget process this year reflects the government’s commitment to crafting a sound revenue policy based on economic realities.
Minister Aurangzeb emphasized the importance of a coordinated approach to reforms spanning federal and provincial levels.
He highlighted the need for outcome-driven measures linked to human development and socio-economic growth. The minister also pointed to the National Fiscal Pact as a vital tool for achieving macroeconomic stability and inclusive growth.
Both parties reiterated their commitment to collaboration as they work to advance reforms and shape a brighter economic future for Pakistan.
